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Murrey Math Lines 26.10.2021 AUDUSD, NZDUSD

26.10.2021AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to continue moving upwards to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks 68 to the downside. After that, the instrument may reverse and fall towards the support at 58.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.NZDUSD, New Zealand Dollar vs US DollarAs we can see in 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 68, break it, and continue growing to reach the resistance at 78. However, this scenario may no longer be valid if the price breaks 58 to the downside. In this case, the instrument may correct towards the support at 48.In the M15 chart, the pair may break 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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