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Murrey Math Lines 29.03.2022 AUDUSD, NZDUSD

29.03.2022AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is trading above the 200day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to test 78, break it, and then continue growing to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks the 68 to the downside. After that, the instrument may fall towards the support at 48.As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may continue trading upwards only after breaking 78 in the H4 chart.NZDUSD, New Zealand Dollar vs US DollarAs we can see in the H4 chart, NZDUSD is also trading above the 200day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 58 and continue growing to reach the resistance at 78. However, this scenario may no longer be valid if the price breaks 48 to the downside. After that, the instrument may reverse and fall towards the support at 28.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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