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Murrey Math Lines 23.08.2017 (AUD/CHF, AUD/JPY)

AUD CHF, “Australian Dollar vs Swiss Franc”

At the H4 chart, the AUD/CHF pair is trading above the 5/8 level at 0.7629. If the price breaks it, the instrument may start a new descending movement towards the 3/8 one at 0.7505.

As we can see at the H1 chart, the pair is also trading outside the consolidating range, which is between the 3/8 and 5/8 levels. It means that in the future the price may continue falling towards 0.7505.

At the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may start a new descending tendency.

 

AUD JPY, “Australian Dollar vs. Japanese Yen”

As we can see at the H4 chart, the AUD/JPY pair has fixed below the 3/8 level at 86.71 and, as a result, may continue falling towards the support at the 0/8 one at 84.37.

At the H1 chart, the price is expected to fix below the 5/8 level and then continue moving downwards to reach the support at the 0/8 one at 84.37.

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator. As a result, the price may continue falling to reach 84.37.

 

RoboForex Analytical Department

 


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