Murrey math lines: AUD/USD, NZD/USD

RoboForex Team RoboForex

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD quotes are above the 200-day Moving Average on H4, which indicates a prevailing uptrend. The RSI has rebounded from the support level. In this situation, the price is expected to surpass the 5/8 (0.6622) level, subsequently reaching the resistance at 8/8 (0.6713). The scenario could be cancelled by a breakout of 4/8 (0.6591). In this case, the pair might decline to the support at 3/8 (0.6561).

On M15, the price rise could be confirmed by a breakout of the upper boundary of the VoltyChannel.

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

On M15, a breakout of the upper boundary of the VoltyChannel will increase the probability of further price growth.

A similar situation is observed on the NZDUSD chart. NZDUSD quotes are above the 200-day Moving Average on H4, indicating a prevailing uptrend, while the RSI has rebounded from the support line. In this situation, the quotes are expected to rise above the 7/8 (0.6195) level and maintain their upward trajectory to the resistance at +1/8 (0.6256). The scenario could be cancelled by a breakout of 6/8 (0.6164). In this case, the pair might decline to the support at 5/8 (0.6134).

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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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