Murrey Math Lines 10.09.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is consolidating. In this case, the pair may test 4/8, rebound from it, and then resume growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 4/8. After that, the instrument may continue falling to reach the support at 3/8.
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 trading upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is no longer moving inside the “oversold area”. In this case, the pair may continue growing to reach the resistance at 3/8. However, this scenario may no longer be valid is the price breaks 1/8. After that, the instrument may continue falling to reach the support at 0/8.
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.
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