Murrey Math Lines 10.04.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD may is expected to test the 3/8 level, rebound from it, and then resume falling towards the support at the 1/8 one.
As we can see in the H1 chart, the pair may test the resistance at the 8/8, rebound from t, and then resume moving downwards to reach the support at the 3/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD may is expected to rebound from the resistance at the 8/8 level and then resume falling towards the support at the 6/8 one.
As we can see in the H1 chart, the pair is trading inside the “overbought zone” above the 8/8 level. If the price breaks this level, the instrument may resume moving downwards to reach the first target at the 5/8 one. The main downside target is at 0/8 level.
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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