Murrey Math Lines: AUDUSD, NZDUSD
|AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is expected to continue growing towards the resistance at the 3/8 level.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the 3/8 level and continue falling towards the support at the 1/8 one.
As we can see in the H1 chart, the instrument has rebounded from the resistance at the 8/8 level and may resume trading downwards to reach the 5/8 one. However, another scenario implies that the pair may test the 8/8 level once again.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.