Murrey Math Lines: AUDUSD, NZDUSD
|AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is expected to test the resistance at the 5/8 level, rebound from it, and then resume falling towards the support at the 4/8 one.
In the H1 chart, the price is expected to test the 2/8 level, rebound from it, and then continue falling to reach the support at the 0/8 one. Also, one shouldn’t exclude a possibility that the instrument may test the 3/8 level.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is expected to fall towards the downside border of the consolidation range at the 3/8 level.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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