Murrey Math Lines 14.07.2017 (AUD/JPY, NZD/USD)

AUD JPY, “Australian Dollar vs Japanese Yen”

At the H4 chart, the AUD/JPY pair broke the resistance at the 8/8 level at 87.50 and is still moving inside the “overbought zone”. If later the price breaks the 8/8 level to the downside, it may continue falling towards the 5/8 one at 85.15.

At the H1 chart, the price is trading close to the resistance at the +1/8 level. If the pair rebounds from this level, it may break the 8/8 one at 87.50 and continue moving downwards.

At the M15 chart, the price may break the downside line of the VoltyChannel indicator, thus confirming a possible reverse and a new decline towards 85.15.

NZD USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, the NZD/USD pair is trading close to the strong resistance at the 8/8 level at 0.7324. The price is expected to rebound from it and start falling towards the 5/8 one at 0.7141.

The levels at the H1 and H4 charts are similar. Here, the pair is also moving close to the resistance at the 8/8 level at 0.7324 and, as a result, may continue moving downwards to reach 0.7141.

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its descending movement towards 0.7141.

RoboForex Analytical Department