Murrey Math Lines 12.09.2017 (AUD/USD, CAD/CHF)

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair has reached the downside border of the consolidation channel at the 3/8 level at 0.7995. Later, the price is expected to rebound from it and resume growing towards the 5/8 level at 0.8117.

The lines at the H4 and H1 charts are completely the same. The scenario is similar to the H4 chart – the price is also expected to move upwards to reach the 5/8 level at 0.8117.

At the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, continue growing towards 0.8117.

CAD CHF, “Canadian Dollar vs Swiss Franc”

At the H4 chart, the CAD/CHF pair is trading inside the “overbought area” above the +1/8 level (0.7873). Later, the price is expected to break this level and continue falling to reach the 5/8 one at 0.7629.

The lines at the H4 and H1 charts are completely the same. The price is also expected to move downwards and, in case of breaking the +1/8 level at 0.7873, reach the 5/8 one at 0.7629.

At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue falling towards 0.7629.

RoboForex Analytical Department