Murrey math lines: AUD/USD, NZD/USD

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

In the H4 chart, AUD/USD is still trading inside the “overbought area”. In this case, the pair is expected to break 8/8 and then continue falling to reach the support at 7/8. However, this scenario may be canceled if the price breaks +1/8 to the upside. After that, the instrument may continue growing towards the next resistance at +2/8.

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.

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

As we can see in the H4 chart, NZD/USD is consolidating. Earlier, there was a “false” breakout of 5/8; in this case, the price is expected to continue trading downwards to reach the support at 4/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.

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

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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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