Murrey Math Lines 06.09.2022 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, AUDUSD quotes are in the oversold area. Currently, the level of 0/8 is expected to be taken, followed by growth to the resistance level of 1/8. The scenario can be cancelled by a breakaway of the support level of -1/8 downwards. In this case, the pair is likely to continue falling and might drop to -2/8.
On M15, growth can be supported by a breakaway of the upper border of the VoltyChannel indicator.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, which indicates prevalence of the downtrend. Currently, we should expect a test of 3/8, followed by a breakaway of it and falling to the support level of 2/8. The scenario can be cancelled by a breakaway of the resistance level of 5/8 upwards. This will signal growth to 6/8.
On M15, a breakaway of the lower border of VoltyChannel will increase the probability of further price falling.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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