Murrey Math Lines 05.02.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 6/8 one.
As we can see in the H1 chart, the pair is trading above the 5/8 level and may continue growing to reach the closest resistance at the 8/8 one.
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.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is trading inside the “overbought zone”. In the future, the price may break the 8/8 level and continue falling towards the support at the 5/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
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