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Murrey Math Lines 08.02.2022 AUDUSD, NZDUSD

08.02.2022AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, AUDUSD is trading below the 200day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to rebound from 58 and then resume falling to reach the support at 38. However, this scenario may no longer be valid if the price breaks the resistance at 58 to the upside. After that, the instrument may reverse and grow towards the next resistance at 78.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 DollarIn the H4 chart of NZDUSD, the situation is similar. The asset is trading below the 200day Moving Average and approaching the resistance at 58. In this case, the price is expected to rebound from this level and resume falling to reach the support at 38. However, this scenario may no longer be valid if the price breaks the resistance at 58 to the upside. After that, the instrument may reverse and grow towards 68.As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume trading downwards only after rebounding from 58 in the H4 chart.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…

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