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Murrey Math Lines 07.07.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is still trading inside the “overbought area”. However, the pair has already broken 1/8 and may continue growing to reach the resistance at 2/8. However, this scenario may be canceled if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support 8/8.

Murrey Math Lines 07.07.2020 AUDUSD_H4

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

Murrey Math Lines 07.07.2020 AUDUSD_M15
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, after breaking 5/8, NZDUSD is moving above it. In this case, the price is expected to break 6/8 and 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 support at 4/8.

Murrey Math Lines 07.07.2020 NZDUSD_H4
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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

Murrey Math Lines 07.07.2020 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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