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Murrey Math Lines 03.08.2021 AUDUSD, NZDUSD

03.08.2021AUDUSD, Australian Dollar vs US DollarOn H4, the quotations have bounced off the support line at 08. This means, the pair is likely to test 18, break through it, and grow to the resistance level of 28. The scenario can be canceled by a breakaway of 08 downwards, which will lead to further falling to 18.On M15, the upper border of VoltyChannel is broken away, which makes further growth of the quotations more probable.NZDUSD, New Zealand Dollar vs US DollarOn H4, the quotations are approaching 38. A breakaway here will signal the beginning of an uptrend and further growth to the resistance level of 48. The scenario can be canceled by a breakaway of 28 downwards. In this case, the downtrend will continue, and the quotations might drop to the support level of 18.On M15, the upper border of VoltyChannel is broken, which confirms growth to 48 on H4.Back to listAttention!Forecasts presented in this section only reflect the authors 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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