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Murrey Math Lines 06.04.2021 (AUDUSD, NZDUSD)

06.04.2021

AUDUSD, "Australian Dollar vs US Dollar"

On H4, the quotations have escaped the oversold area and are now trading above 1/8. We currently expect it to grow to 2/8. If this level is overcome, this will mean further growth to the resistance at 3/8. The scenario can be canceled by a breakaway of 1/8 downwards. In this case, the pair will return to 0/8.

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

On M15, the upper line of the VoltyChannel indicator is broken, which indicates a high probability of further price growth.

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 pair is trading under the 200-days Moving Average, which means the downtrend is prevailing. We expect a test of 2/8, a bounce off it, and falling to the support at 0/8. The scenario can be canceled by a breakaway of 2/8 upwards, which is likely to reverse the trend and bring the quotations to the resistance level of 3/8.

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 border of VoltyChannel will increase the probability of falling to 0/8 on H4.

NZDUSD_M15
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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