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Murrey Math Lines 07.09.2021 AUDUSD, NZDUSD

07.09.2021AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to continue moving upwards to reach the closest resistance at 78. However, this scenario may be cancelled if the price breaks 68 to the downside. After that, the instrument may reverse and correct towards the support at 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 consolidating not far from the upside border of the range at 58. In this case, the price is expected to test the rebound from this level and then resume falling to reach the support at 48. However, this scenario may no longer be valid if the price breaks the resistance at 58 to the upside. In this case, the instrument may continue growing towards 68.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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