Murrey Math Lines 23.10.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is trading inside the “oversold zone”. In this case, the pair is expected to break the 0/8 level and continue growing towards the 3/8 one.
As we can see in the H1 chart, the instrument is consolidating. Later, the pair may break the 3/8 level and continue trading downwards to reach the support at the 0/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD has broken the 3/8 and right now is trading below it. In this case, the price is expected to continue falling towards the support at the 0/8 level.
In the H1 chart, the instrument may break the 5/8 level and continue trading downwards to reach the support at the 3/8 one.
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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