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Murrey Math Lines 02.11.2021 AUDUSD, NZDUSD

02.11.2021AUDUSD, Australian Dollar vs US DollarIn the H4 chart, after breaking 78, AUDUSD is trading below it. In this case, the price is expected to correct downwards and the support at 58. However, this scenario may no longer be valid if the price breaks 78 to the upside. After that, the instrument may reverse and grow towards the resistance at 88.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 58 from the H4 chart.NZDUSD, New Zealand Dollar vs US DollarAs we can see in the H4 chart, NZDUSD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 68, break it, and continue growing to reach the resistance at 78. However, this scenario may no longer be valid if the price breaks 58 to the downside. In this case, the instrument may correct towards the support at 48.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.Back to listAttention!Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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