Murrey Math Lines 22.05.2018 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to grow towards the resistance at the 5/8 level.
In the H1 chart, the price may break the 8/8 level and then continue falling to reach the support at the 6/8 one.
NZDUSD, “New Zealand Dollar vs US Dollar”
In the H4 chart, NZDUSD is expected to break the 2/8 level and then continue growing towards the resistance at the 3/8 one.
In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 4/8 level, it may continue growing towards the 5/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.