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Murrey Level Analysis for AUD/USD and NZD/USD: July 24, 2018

24.07.2018

AUD/USD

On H4, 2/8 breakout may lead to the AUD/USD price rising till 3/8.

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

On H1, the pair is trading within a consolidation range between 3/8 and 5/8. Now, once 3/8 gets broken out, the price may fall further to reach the support at 0/8. Once 5/8 gets broken out, the price may start moving higher to reach the resistance at 8/8.

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

NZD/USD

On H4, the NZD/USD is trading within a consolidation range. Once the price bounces off 3/8, it may rise further to reach the resistance at 5/8.

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

On H1, the price is inside a consolidation range; however, 5/8 breakout is likely, which may lead to the price heading further up towards 8/8.

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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