Murray Math Lines 17.07.2017 (AUD/USD, NZD/CAD)

AUD/USD

The H4 chart of AUD/USD shows a strong resistance level 8/8 (0.7812) near the current quote. This level is expected to be rebounded from soon and the price can move lower towards 5/8 level (0.7629).

On the H1-chart the price confirms the resistance holding near 8/8 level. This level has been rebounded from, and the pair can move even lower.

On the M15-level the lower line of VoltyChannel indicator has been broken, and this suggests a possible downside move towards 0.7629.

NZD/CAD

The H4-chart of NZD/CAD shows the price holding at the support level 8/8 (0.9277). It is expected that the price will rebound from 8/8 support level and rise towards 3/8 (0.9460).

On the H1-chart the price is also holding at 8/8 support level which is expected to give space for the price to move higher towards 3/8 level (0.9460).

The M15-chart suggests a breakout of the upper line of VoltyChannel indicator, and this will be a confirmation of rebound from 0.9277 and possible rise towards 0.9460.