Murrey math lines: AUD/USD, NZD/USD

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating between 3/8 and 5/8. In this case, the pair is expected to test 5/8, rebound from it, and then resume falling to reach the support at 3/8. However, this scenario may be canceled if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the resistance at 6/8.

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”

In the H4 chart, NZDUSD is also consolidating. In this case, the pair is expected to break 4/8 and then continue trading downwards to reach the support at 3/8. 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.

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 to reach 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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