Murrey Math Lines 27.08.2019 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
As we can see in the H4 chart, AUDUSD is still moving at 3/8. In this case, the pair may break this level and then continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price rebounds from 3/8. After that, the instrument may resume falling to reach the support at 1/8. For better analysis, let's take a look at a shorter timeframe, M15.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator again and, as a result, trade downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD has rebounded from the support at 0/8. In this case, the pair is expected to grow to reach the resistance at 3/8. However, this scenario may be canceled if the price breaks 0/8. After that, the instrument may continue falling towards the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 3/8 from the H4 chart.
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