Murrey math lines: AUD/USD, NZD/USD
|AUD/USD, “Australian Dollar vs US Dollar”
In the H4 chart, AUD/USD is moving outside the “oversold zone” above 1/8. In this case, the pair is expected to continue growing to reach the resistance at 2/8. However, this scenario may be canceled if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
NZD/USD, “New Zealand Dollar vs US Dollar”
In the H4 chart, earlier NZD/USD rebounded from the support at 0/8. In this case, the pair is expected to grow to reach the resistance at 1/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -1/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
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