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Murrey Math Lines 03.08.2017 (NZD/USD, AUD/NZD)

NZD USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, the NZD/USD pair reached its first target at the 5/8 level at 0.7385. If the price rebounds from this level, it may grow towards the resistance at the 8/8 one at 0.7568. Otherwise, the pair may fall to reach the 3/8 level at 0.7263.

At the H1 chart, the pair is moving between the 3/8 and 2/8 levels. If the price breaks the 3/8 level at 0.7415, it may grow towards 0.7568. However, if the pair breaks the 2/8 level, it may continue falling to reach the 0/8 one at 0.7324 and even break it.

 

AUD NZD, “Australian Dollar vs New Zealand Dollar”

At the H4 chart, the AUD/NZD pair is trading close to the resistance at the 8/8 level at 1.0742. If later the price rebounds from the 8/8 level, it may continue falling towards the 5/8 one at 1.0559.

At the M15 chart, the price broke the downside line of the VoltyChannel indicator and, as a result, may continue falling towards 1.0559.

 

RoboForex Analytical Department

 


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