Murrey Math Lines: AUD/USD, NZD/USD
|AUD/USD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is moving below 3/8. In this case, the pair may test this level, rebound from it, and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue growing towards the resistance at 5/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach the resistance at 5/8 from the H4 chart.
NZD/USD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is also moving below 3/8. In this case, the pair is expected to continue falling to reach the support at 0/8. However, this scenario may be canceled if the price breaks 2/8. After that, the instrument may continue growing towards the resistance at 5/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may resume moving upwards.
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