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Murrey Math Lines 12.05.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating. In this case, the pair is expected to continue falling to reach the support at 3/8. However, this scenario may be canceled if the price breaks 5/8 to the upside. After that, the instrument may continue growing towards the closest resistance at 6/8.

AUDUSD_H4 Murrey Math Lines 12.05.2020 (AUDUSD, NZDUSD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

AUDUSD_M15 Murrey Math Lines 12.05.2020 (AUDUSD, NZDUSD)
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 moving above 5/8 and that’s a good signal in favor of further growth. In this case, today the price is expected to break 6/8 and then continue trading upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue falling towards the closest support at 4/8.

NZDUSD_H4 Murrey Math Lines 12.05.2020 (AUDUSD, NZDUSD)
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.

NZDUSD_M15 Murrey Math Lines 12.05.2020 (AUDUSD, NZDUSD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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