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Murrey Math Lines 05.06.2018 (AUDUSD, NZDUSD)

05.06.2018

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, the pair has broken the 5/8 level and may continue growing to reach the 6/8 one.

AUDUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the price may break the 6/8 level and then continue growing to reach the resistance at the 8/8 one.

AUDUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

NZDUSD, “New Zealand Dollar vs US Dollar”

As we can see in the H4 chart, NZDUSD has broken the 3/8 level and right now is consolidating. In this case, the price is expected to continue growing towards the 4/8 level.

NZDUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair may break the 8/8 level and resume falling towards the support at the 5/8 level.

NZDUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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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