Murrey Math Lines: AUD/USD, NZD/USD
|AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, the descending tendency continues; AUDUSD has reached the “oversold area”. In this case, the price may rebound from the support at 0/8 and resume growing towards the resistance at 3/8. Otherwise, the instrument may continue falling to reach the next target at -1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is also trading downwards, but hasn’t reached its predicted target at 0/8 yet, that’s why the decline may continue. If the pair rebounds from the support at 0/8, the price may resume growing to reach the resistance at 3/8. Otherwise, the instrument may continue falling towards -1/8 and -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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