Murrey Level Analysis for AUD/USD and NZD/USD: July 17, 2018
AUD/USD
On H4, 2/8 breakout may lead to the AUD/USD price rising till 3/8.
On H1, if 5/8 gets broken out, the odds that the price will rise till the resistance at 8/8 will get higher.
In case VoltyChannel is broken out on M15, the price will be likely to rise to 0.7507.
NZD/USD
On H4, the NZD/USD is trading within a consolidation range, while we can expect the price to rise to 5/8.
On H1, the price may well fall to the support at 5/8 in case 7/8 gets broken out.
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.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.