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Murrey Math Lines 09.11.2021 AUDUSD, NZDUSD

09.11.2021AUDUSD, Australian Dollar vs US DollarOn H4, the quotations have bounced off 58 and are trading below it. In such circumstances, we expect a test of 68, a breakaway, and growth to the resistance level of 78. This scenario can be canceled by a breakaway of 58 downwards. In this case, the quotations might fall to the support level of 48.On M15, a breakaway of the upper border of VoltyChannel will become an additional signal, supporting growth.NZDUSD, New Zealand Dollar vs US DollarOn H4, the quotations are trading above the 200days Moving Average, which indicates an uptrend. In this case, we should expect growth to the resistance level of 68. The scenario can be canceled by a breakaway of 58 downwards. This might bring the pair down to the support level of 48.On M15, the upper border of VoltyChannel is broken. This means the uptrend is prevailing and further growth of the price is very probable.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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