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Murrey Math Lines 05.10.2021 AUDUSD, NZDUSD

05.10.2021AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, after rebounding from the 200day Moving Average, AUDUSD is trading below it, thus indicating a descending tendency. In this case, the price is expected to break test 38 and then continue moving downwards to reach the support at 28. However, this scenario may no longer be valid if the price breaks 48 to the upside. After that, the instrument may reverse and grow towards the resistance at 58.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.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 test 18, break it, and continue falling to reach the support at 08. However, this scenario may no longer be valid if the price breaks 28 to the upside. In this case, the instrument may continue growing towards the resistance at 38.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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