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Murrey Math Lines 31.08.2021 AUDUSD, NZDUSD

31.08.2021AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is consolidating between 38 and 58. In this case, the price is expected to test 48, break it, and then continue moving upwards to reach the resistance at 58. However, this scenario may be cancelled if the price breaks 38 to the downside. After that, the instrument may reverse and fall towards the support at 28.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.NZDUSD, New Zealand Dollar vs US DollarIn the H4 chart, after breaking the 200day Moving Average, NZDUSD is also trading above it to indicate a possible ascending tendency. In this case, the price is expected to test the resistance at 78, break it, and then continue growing to reach 88. However, this scenario may no longer be valid if the price breaks 68 to the downside. In this case, the instrument may reverse and fall towards the support at 58.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 its growth.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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