Murrey Math Lines 11.07.2017 (USD/CHF, AUD/CAD)

USD CHF, “US Dollar vs Swiss Franc”

As we can see at the H4 chart, the USD/CHF pair is trading between the 5/8 and 3/8 levels. The price is expected to rebound from the resistance at the 5/8 level at 0.9674 and fall towards the 3/8 one at 0.9613.

At the H1 charts, there are no confirmations of both further growth or decline. It should be better to wait until the price breaks the 5/8 level, which may result in the further decline towards 0.9613.

At the M15 chart, the pair is expected to break the downside line of the VoltyChannel indicator and 0.9658. In this case, the price may continue moving downwards to reach 0.9613.

AUD CAD, “Australian Dollar vs Canadian Dollar”

At the H4 chart, the AUD/CAD pair rebounded from the support at the 0/8 level. The price is expected to start a new ascending tendency with the first target at the 3/8 level at 0.9948.

As we can see at the H1 chart, the pair may yet reach the support at the 0/8 level again and then rebound from it. However, if the price breaks the 2/8 level, it may continue growing to reach the 3/8 level from the H4 chart at 0.9948.

At the M15 chart, the pair broke the upside line of the VoltyChannel indicator. If the price fixes above 0.9826, it may continue moving upwards to reach 0.9948.

RoboForex Analytical Department