Murrey Level Analysis for AUD/USD and NZD/USD: July 24, 2018
AUD/USD
On H4, 2/8 breakout may lead to the AUD/USD price rising till 3/8.
On H1, the pair is trading within a consolidation range between 3/8 and 5/8. Now, once 3/8 gets broken out, the price may fall further to reach the support at 0/8. Once 5/8 gets broken out, the price may start moving higher to reach the resistance at 8/8.
NZD/USD
On H4, the NZD/USD is trading within a consolidation range. Once the price bounces off 3/8, it may rise further to reach the resistance at 5/8.
On H1, the price is inside a consolidation range; however, 5/8 breakout is likely, which may lead to the price heading further up towards 8/8.
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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