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Murrey Math Lines 14.07.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

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

Murrey Math Lines 14.07.2020 AUDUSD_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 downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

Murrey Math Lines 14.07.2020 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 rebounding from 8/8, NZDUSD is expected to resume trading downwards to reach the support at 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing towards the resistance at 1/8.

Murrey Math Lines 14.07.2020 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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 5/8 from the H4 chart.

Murrey Math Lines 14.07.2020 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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