Murrey Level Analysis for AUDUSD and NZDUSD: 19/3/2019
AUDUSD
On H4, the AUDUSD is trading within a consolidation range between 3/8 and 5/8. while we can expect the price to rise to the resistance at 5/8.
On H1, the price is above the consolidation range, which means it is likely to continue rising.
On M15, the upper VoltyChannel line has been broken out, which means an ascending trend is prevailing.
NZDUSD
On H4, the NZDUSD is trading within a consolidation range, where the 5/8 breakout may push the price forward to the resistance at 8/8.
On H1, however, the price is overbought, which means it may start going down once 8/8 gets hit, aiming for the support at 6/8.
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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