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Murrey Math Lines 19.12.2017 (AUD/USD, NZD/USD)

19.12.2017

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the 5/8 one. However, there is still a slight possibility that the price may continue growing towards “overbought zone” and the 1/8 level.

AUDUSD1

The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.

AUDUSD2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach the main target at 0.7598.

AUDUSD3

 

NZD USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, there are two possible scenarios. According to the first scenario, the NZD/USD pair may continue growing towards the resistance at the 8/8 level. The second one may start only after the price breaks the 5/8 level. In this case, the instrument may continue falling to reach the 3/8 one.

NZDUSD1

The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.

NZDUSD2

At the M15 chart, the pair attempted to break the downside line of the VoltyChannel indicator yesterday. If it succeeds today, the price may continue moving to the downside and reach 0.6927.

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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