Murrey Math Lines 01.05.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is expected to test the support at the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8 one.
As we can see in the H1 chart, the price is trading inside the “oversold zone” below the 0/8 level. If later the price breaks this level, the instrument may grow to reach the resistance at the 2/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is consolidating. The price is expected to test the support at the 3/8 level, rebound from it, and then resume growing towards the resistance at the 5/8 one.
In the H1 chart, the pair is trading inside the “oversold zone” below the 0/8 level. If the price breaks the ‑1/8 level, it may resume growing to reach the resistance at the 2/8 one.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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