Murrey Math Lines 26.02.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD has rebounded from the resistance at the 3/8 level and may resume falling towards the support at the 0/8 one.
In the H1 chart, the pair may break the 5/8 level and continue its decline to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is trading inside the “overbought zone” and may fall towards the 7/8 level.
In the H1 chart, the scenario may be a bit different. The pair may break the 6/8 level and continue its growth to reach the resistance at the 8/8 one. However, as long as the instrument is trading below the 6/8 level, the price may yet resume falling towards the support at the 3/8 one.
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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