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Murrey Math Lines 11.01.2022 AUDUSD, NZDUSD

11.01.2022AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, after breaking the 200day Moving Average, AUDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 58, break it, and then continue falling to reach the support at 48. However, this scenario may no longer be valid if the price breaks the resistance at 68 to the upside. After that, the instrument may continue growing towards 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 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 rebound from 38 and resume falling to reach the support at 18. However, this scenario may no longer be valid if the price breaks the resistance at 38 to the upside. After that, the instrument may reverse and grow towards 48.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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