Murrey Level Analysis: AUD/USD and NZD/USD

RoboForex Team RoboForex

AUDUSD

On H4, the AUDUSD is trading within a consolidation range between 3/8 and 5/8. while we can expect the price to rise to the resistance at 5/8.

On H1, the price is above the consolidation range, which means it is likely to continue rising.

On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.

NZDUSD

On H4, the NZDUSD is trading within a consolidation range, where the 5/8 breakout may push the price forward to the resistance at 8/8.

On H1, however, the price is overbought, which means it may start going down once 8/8 gets hit, aiming for the support at 6/8.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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