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Murrey Math Lines 26.04.2022 AUDUSD, NZDUSD

26.04.2022AUDUSD, 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 28, break it, and then continue falling 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 reverse and grow towards 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 trading downwards only after breaking 28 in the H4 chart.NZDUSD, New Zealand Dollar vs US DollarAs we can see in the H4 chart, after rebounding from the oversold area, NZDUSD is correcting upwards. In this case, the price is expected to test 18, break it, and then continue moving upwards to reach the resistance at 28. However, this scenario may no longer be valid if the price breaks the support at 08 to the downside. After that, the instrument may fall towards 18.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth to reach 28 in the H4 chart.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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