Murrey Math Lines: AUD/USD, NZD/USD

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUD/USD is moving below 3/8. In this case, the pair is expected to rebound from 2/8 and then resume falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8. After that, the instrument may continue growing to reach the resistance at 5/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

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

In the H4 chart, NZD/USD is moving below 3/8. According to the main scenario, the pair is expected to test 0/8, rebound from it, and then resume growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price rebounds from 1/8. In this case, the instrument may continue growing to reach the resistance at 3/8 without testing 0/8.

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. However, if the price breaks the upside line, it may continue growing towards 3/8 from the H4 chart.

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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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