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Murrey Math Lines 12.10.2021 AUDUSD, NZDUSD

12.10.2021AUDUSD, Australian Dollar vs US DollarIn the H4 chart, after breaking the 200day Moving Average, AUDUSD is trading above it, thus indicating an ascending tendency. In this case, the price is expected to test 58, break it, and then continue moving upwards to reach the resistance at 68. However, this scenario may no longer be valid if the price breaks 48 to the downside. After that, the instrument may reverse and fall towards the support at 38.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.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 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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