Murrey Math Lines: AUD/USD, NZD/USD

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

In the H4 chart, AUD/USD is consolidating. In this case, the pair is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 2/8.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

NZD/USD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDU/SD is still moving upwards. In this case, the pair may break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price rebounds from 3/8. After that, the instrument may start a new decline towards the support at 2/8.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

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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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