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Murrey Math Lines 16.11.2021 AUDUSD, NZDUSD

16.11.2021AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, AUDUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 48, break it, and then continue falling to reach the support at 38. However, this scenario may no longer be valid if the price breaks 58 to the upside. After that, the instrument may reverse and grow towards the resistance at 68.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 also trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 38 and continue falling to reach the support at 28. However, this scenario may no longer be valid if the price breaks 48 to the upside. In this case, the instrument may grow towards the resistance at 58.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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