Murrey Math Lines 27.11.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is trading close to the 5/8 level and may fall towards the support at the 3/8 one.
As we can see in the H1 chart, the pair is trading below the 3/8 level and may continue falling to reach the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
NZDUSD, “New Zealand Dollar vs US Dollar”
As we can see in the H4 chart, NZDUSD is no longer trading inside the “overbought zone”. In this case, the price may continue falling towards the support at the 5/8 level.
In the H1 chart, the price my break the 5/8 level and continue trading downwards to reach the support at the 3/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue falling.
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