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Murrey Math Lines 30.11.2021 AUDUSD, NZDUSD

30.11.2021AUDUSD, 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 18 and then fall to reach the support at 08. However, this scenario may no longer be valid if the price breaks 28 to the upside. After that, the instrument may grow towards 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 trading downwards.NZDUSD, New Zealand Dollar vs US DollarAs we can see in the H4 chart, NZDUSD is trading within the oversold area. In this case, the price is expected to break 08 and then continue growing to reach the resistance at 18. However, this scenario may no longer be valid if the price breaks 18 to the downside. In this case, the instrument may fall towards 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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