Murrey Math Lines 12.02.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is expected to test the resistance at the 7/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.
As we can see in the H1 chart, the pair is trading below the 0/8 level inside the “oversold zone”. In the future, the price may break this level and continue growing to reach the resistance at the 3/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD may continue growing towards the resistance at the 8/8 level.
In the H1 chart, the pair may rebound from the 0/8 level and resume growing to reach the resistance at the 3/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
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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