Murray Math Lines 23.07.2019 (AUDUSD, NZDUSD)
AUDUSD
On H4 the instrument has bounced of the strong resistance line at 8/8 and is now trading below 7/8. In this situation further decrease to the support at 5/8 is expected. The scenario will no longer be valid is 7/8 is broken through, which may entail growth to the resistance at 8/8.
On M15 the lower line of the VoltyChannel is broken. This signifies prevalence of a descending trend and enhances the possibility of further decline.
NZDUSD
On H4 the instrument has failed to break through the weak resistance line at 7/8. This signifies a possible reversal of the ascending trend and a decline towards the support at 4/8. The scenario will no longer be valid if 7/8 is broken, which may provoke growth of the pair to the resistance at 8/8.
On M15 the lower line of the VoltyChannel is broken. This increases the possibility of further decline.
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