Murrey Math Lines 15.10.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, the pair started skyrocketing earlier, but then stopped close to the resistance at 7/8. In this case, the pair is expected to resume falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 7/8. After that, the instrument may continue growing to reach the resistance at 8/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD has rebounded from the strong resistance at 8/8. In this case, the pair may break 7/8 and then continue falling to reach the support at 5/8. However, this scenario will no longer be valid if the price breaks 8/8. After that, the instrument may continue growing towards the resistance at +2/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
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