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Murrey Math Lines 05.01.2022 AUDUSD, NZDUSD

05.01.2022AUDUSD, Australian Dollar vs US DollarIn the H4 chart, after breaking the 200day Moving Average, AUDUSD is trading above it, thus indicating a possible ascending tendency. In this case, the price is expected to test 78, break it, and then continue growing to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks the support at 68 to the downside. After that, the instrument may continue falling towards 58.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.NZDUSD, New Zealand Dollar vs US DollarAs we can see in the H4 chart, NZDUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 38 and continue falling to reach the support at 28. However, this scenario may no longer be valid if the price breaks the resistance at 48 to the upside. After that, the instrument may reverse and grow towards 58.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.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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