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Murrey Math Lines 14.12.2021 AUDUSD, NZDUSD

14.12.2021AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is approaching the oversold area again. In this case, the price is expected to test 08, rebound from it, and then grow to reach the resistance at 28. However, this scenario may no longer be valid if the price breaks the support at 08 to the downside. After that, the instrument may continue falling towards 18.As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume trading upwards only after rebounding from 08 in the H4 chart.NZDUSD, New Zealand Dollar vs US DollarAs we can see in the H4 chart, NZDUSD is trading within the oversold area. In this case, the price is expected to test 18, break it, and then continue growing to reach the resistance at 18. Since the current trend is descending, this upward movement should be considered as a correction. However, this scenario may no longer be valid if the price breaks the support at 28 to the downside. After that, the lines in the chart will be redrawn, thus helping us to define new downside targets.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.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…

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