Murrey Math Lines 02.10.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is trading below the 3/8 level and may continue falling towards the 1/8 one.
In the H1 chart, the instrument may break the 0/8 level and then continue trading upwards to reach the resistance at the 3/8 one.
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 moving downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to resume falling towards the 3/8 level.
In the H1 chart, the instrument may break the 0/8 level and then continue trading upwards to reach the resistance at the 3/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may resume moving downwards.
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