Murrey Math Lines 07.08.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is expected to test the 3/8 level, rebound from it, and then resume falling towards the support at the 0/8 one.
As we can see in the H1 chart, the pair may break the 3/8 level and then continue trading downwards to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards to reach 0.7324.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD may break the 6/8 level and then 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 falling to reach 0.6652.
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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.