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Murrey Math Lines 23.04.2019 (AUDUSD, NZDUSD)

23.04.2019

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is expected to test the 5/8 level, rebound from it, and then resume growing towards the resistance at the 7/8 one.

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

However, in the H1 chart the pair is trading downwards. In this case, the price may continue falling towards the support at the 0/8 level. The instrument is not expected to resume growing as long as it is moving below the 3/8 level.

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”

In the H4 chart, NZDUSD is expected to test the 5/8 level, rebound from it, and then resume growing towards the resistance at the 7/8 one.

NZDUSD1
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 situation is similar, but the support is at the 0/8 level. In the future, the price is expected to rebound from this level and grow to reach the resistance at the 3/8 one. In case this level is broken as well, the next target will be at the 5/8 one.

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

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

NZDUSD3
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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