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Murrey Math Lines for 10.08.2021 AUDUSD, NZDUSD

10.08.2021AUDUSD, Australian Dollar vs US DollarOn H4, the quotations have reached the oversold area. We expect them to bounce off 08, which might end up in a correctional growth to the resistance level of 28. The scenario can be cancelled by a breakaway of 08 downwards, which will lead to further falling to the support level of 18.On M15, the upper line of VoltyChannel is too far from the current price, hence, the growth of the quotations will be signaled by a bounce off 08 on H4.NZDUSD, New Zealand Dollar vs US DollarOn H4, the quotations have broken through the 200days MA and are trading below it, which indicates possible development of a downtrend. We expect a test of the support level of 48, a breakaway, and falling to 38. The scenario can be cancelled by a breakaway of 58 upwards. In this case, the pair will start growing again and will possibly reach the resistance level of 68.On M15, the lower line of VoltyChannel is broken away, which makes further falling highly probable.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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