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, AUDUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the pair is expected to break 8/8 and then continue growing towards the resistance at +1/8. However, this scenario may be canceled if the price breaks 7/8 to the downside. After that, the instrument may reverse and correct downwards to reach the support at 6/8.

In the M15 chart, the pair may break 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, NZDUSD is trading above the 200-day Moving Average and 5/8, thus indicating an ascending tendency. In this case, the price is expected to continue growing towards the closest resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may reverse and fall to reach the support at 3/8.

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