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Murrey Math Lines 08.09.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, AUDUSD escaped the overbought area and is trading near 7/8. We expect the price to break away this level and fall to the support at 6/8. The scenario may be canceled by a breakaway of 8/8 upwards, which will entail another wave of growth to the resistance at 1/8.

Murrey Math Lines 08.09.2020  AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is broken away, which means further decline is highly probable.

Murrey Math Lines 08.09.2020  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”

On H4, the quotations broke through 6/8 and are trading under this level. The price is expected to fall to 5/8, break it away, and fall deeper to the support at 4/8. The scenario may be canceled by a breakaway of 6/8, which may lead the price to the resistance at 7/8.

Murrey Math Lines 08.09.2020  NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower line of VoltyChannel will be another signal confirming probable falling.

Murrey Math Lines 08.09.2020  NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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