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Murrey Math Lines 23.11.2021 AUDUSD, NZDUSD

23.11.2021AUDUSD, Australian Dollar vs US DollarAs we can see in the H4 chart, AUDUSD is trading within the oversold area. In this case, the price is expected to test 18, break it, and then correct upwards to reach the resistance at 18. However, this scenario may no longer be valid if the price breaks 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 trading upwards.NZDUSD, New Zealand Dollar vs US DollarIn the H4 chart, NZDUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to test 18, break it, and then continue falling to reach the support at 08. However, this scenario may no longer be valid if the price breaks 28 to the upside. In this case, the instrument may grow towards the resistance at 38.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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