Murrey Math Lines 08.09.2020 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, AUDUSD escaped the overbought area and is trading near 7/8. We expect the price to break away this level and fall to the support at 6/8. The scenario may be canceled by a breakaway of 8/8 upwards, which will entail another wave of growth to the resistance at +1/8.
On M15, the lower line of VoltyChannel is broken away, which means further decline is highly probable.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the quotations broke through 6/8 and are trading under this level. The price is expected to fall to 5/8, break it away, and fall deeper to the support at 4/8. The scenario may be canceled by a breakaway of 6/8, which may lead the price to the resistance at 7/8.
On M15, a breakaway of the lower line of VoltyChannel will be another signal confirming probable falling.
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