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Murrey Math Lines 05.12.2017 (AUD/USD, NZD/USD)

05.12.2017

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair has broken the 5/8 level (0.7629) and left the consolidation range. In the future, the price is expected to continue growing to reach the main target – the resistance at the 8/8 level (0.7812).

AUDUSD1

At the H1 chart, the pair wasn’t consolidating before starting a new impulse last night. It may result in a correction towards the 4/8 and 3/8 levels (0.7629 and 0.7614 respectively) and a new growth afterwards.

AUDUSD2

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

AUDUSD3

 

NZD USD, “New Zealand Dollar vs US Dollar”

As we can see at the H4 chart, the NZD/USD pair has rebounded from the support at the 0/8 level (0.6835) and right now is trading close to the 1/8 one. In this case, the instrument is highly expected to continue growing with the first target at the 3/8 level (0.7019).

NZDUSD1

At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the upper border at the 5/8 level (0.6912), the instrument may continue growing to reach the resistance at the 8/8 one (0.6958).

NZDUSD2

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving to the upside.

NZDUSD3

 

RoboForex Analytical Department

 

Attention!

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.



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