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Murrey Math Lines 31.07.2018 (AUDUSD, NZDUSD)

31.07.2018

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, the pair is expected to test the 4/8 level, rebound from it, and then resume falling towards the support at the 2/8 one. 

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

As we can see in the H1 chart, the pair may test the resistance at the 8/8 level, rebound from it, and then resume trading downwards to reach the 5/8 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 is consolidating. In this case, the instrument may break the 4/8 level and then continue growing towards the resistance at the 5/8 one.

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 rebound from the resistance at the 8/8 level and then resume trading to reach the support at the 5/8 one.

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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