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Murrey Math Lines 19.10.2021 AUDUSD, NZDUSD

19.10.2021AUDUSD, 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 continue moving upwards to reach the resistance at 78. However, this scenario may no longer be valid if the price breaks 58 to the downside. After that, the instrument may reverse and fall towards the support at 48.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 Dollarin the H4 chart, NZDUSD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 58, break it, and continue growing to reach the resistance at 68. However, this scenario may no longer be valid if the price breaks 48 to the downside. In this case, the instrument may resume falling 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 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 analytical reviews.

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