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 at near 1/8. In this case, the pair is expected to continue towards the resistance at 2/8. However, later the pair may rebound from 2/8 to the downside and resume falling to reach the support at 0/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
NZD/USD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is consolidating. According to the main scenario, the pair is expected to test 5/8, rebound from it, and then resume falling to reach the support at 3/8. However, this scenario may no longer be valid if the price breaks 5/8 upwards. After that, the instrument may start a new growth towards the resistance at 6/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 3/8 from the H4 chart.
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