Murrey Math Lines 22.01.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.
In the H1 chart, the pair is moving inside the “oversold zone”. In this case, the price may break the 0/8 level and continue 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 moving upwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is trading below the 3/8 level. In the future, the price may resume falling towards the 1/8 level.
As we can see in the H1 chart, the pair rebounded from the support at the 0/8 level. In this case, the price may break the 1/8 level and continue growing towards 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.
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