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Murrey Math Lines 19.04.2022 AUDUSD, NZDUSD

19.04.2022AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is trading below the 200day Moving Average to indicate 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 the resistance at 58 to the upside. After that, the instrument may reverse and grow towards 68.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.NZDUSD, New Zealand Dollar vs US DollarIn the H4 chart, NZDUSD is trading below the 200day Moving Average, thus indicating a possible descending tendency. In this case, the price is expected to break 28 and then continue moving downwards to reach the support at 08. However, this scenario may no longer be valid if the price breaks the resistance at 38 to the upside. After that, the instrument may grow towards 48.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may 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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