Murrey Math Lines 08.08.2017 (NZD/JPY, AUD/USD)

NZD JPY, “New Zealand Dollar vs Japanese Yen”

At the H4 chart, the NZD/JPY pair is trading close to the resistance at the 0/8 level at 81.25. The price is expected to rebound from this level and start growing towards the 3/8 one at 83.59.

At the H1 chart, the price is also trading close to the resistance at the 0/8 level at 81.25. the future scenario is the same as for the H4 chart.

At the M15 chart, the price is expected to break the upside line of the VoltyChannel indicator and, as a result, grow towards 83.59.

AUD USD, “Australian Dollar vs US Dollar”

At the H4 chart, the AUD/USD pair is trading close to the 5/8 level at 0.7934. If the price fixes above this level, it may grow to reach the 8/8 one at 0.8300. Otherwise, the pair will fall towards the 3/8 level at 0.7690.

As we can see at the H1 chart, the pair is trading between the 5/8 and 3/8 levels at 0.7965 and 0.7904 respectively. If the price breaks one of these levels, it will start moving upwards or downwards respectively.

RoboForex Analytical Department