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Murrey Math Lines 08.10.2019 (AUDUSD, NZDUSD)

8 october 2019 - Fx4News

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is consolidating at 5/8. In this case, the pair is expected to continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 4/8. After that, the instrument may continue falling to reach the support at 3/8.

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

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 8/8 from the H4 chart.

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”

In the H4 chart, NZDUSD has rebounded from 7/8. In this case, the pair may grow to reach the resistance at +1/8. However, this scenario will no longer be valid if the price breaks 7/8. After that, the instrument may continue falling towards the support at 6/8.

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

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 moving upwards.

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

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