Murrey Level Analysis for AUDUSD and NZDUSD: 26/03/2019
AUDUSD
On H4, the AUDUSD is trading within a consolidation range between 3/8 and 5/8, where the 5/8 breakout may push the price forward to the resistance at 6/8.
On H1, the price bounced off the support at 0/8, and now is likely to reach the 3/8 resistance.
On M15, the upper VoltyChannel line has been broken out, which makes the price rise even more likely.
NZDUSD
On H4, the NZDUSD is above the consolidation range and may reach the 8/8 resistance.
Once 5/8 gets broken out on H1, the price may rise further to reach the resistance at 8/8.
On M15, the upper VoltyChannel line has been broken out, which makes the price rise even more likely.
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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