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Murrey Math Lines 24.03.2020 (AUDUSD, NZDUSD)

24 march 2020 - Fx4News

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is no longer moving inside the “oversold area” after breaking 0/8. In this case, the pair is expected to continue growing to reach the resistance at 2/8. However, this scenario may be canceled if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -2/8.

AUDUSD_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 trading upwards.

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 is still moving inside the “oversold area”. In this case, the pair is expected to break 0/8 and then continue growing to reach the resistance at 1/8. However, this scenario may no longer be valid if the price breaks the support at -1/8. After that, the instrument may continue falling towards -2/8.

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 to reach 1/8 from the H4 chart.

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

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