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Murrey Math Lines 21.09.2021 AUDUSD, NZDUSD

21.09.2021AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 38 and then continue moving downwards to reach the support at 28. However, this scenario may no longer be valid if the price breaks 48 to the upside. After that, the instrument may reverse and grow towards the resistance at 58.As we can see in the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume the descending tendency only after breaking 38 from the H4 chart.NZDUSD, New Zealand Dollar vs US DollarIn the H4 chart, after breaking the 200day Moving Average, NZDUSD is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to continue falling to reach the closest support at 28. However, this scenario may no longer be valid if the price breaks the resistance at 48 to the upside. In this case, the instrument may continue growing towards 58.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 trading downwards.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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