Murrey Math Lines 09.11.2021 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, the quotations have bounced off 5/8 and are trading below it. In such circumstances, we expect a test of 6/8, a breakaway, and growth to the resistance level of 7/8. This scenario can be canceled by a breakaway of 5/8 downwards. In this case, the quotations might fall to the support level of 4/8.
On M15, a breakaway of the upper border of VoltyChannel will become an additional signal, supporting growth.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the quotations are trading above the 200-days Moving Average, which indicates an uptrend. In this case, we should expect growth to the resistance level of 6/8. The scenario can be canceled by a breakaway of 5/8 downwards. This might bring the pair down to the support level of 4/8.
On M15, the upper border of VoltyChannel is broken. This means the uptrend is prevailing and further growth of the price is very probable.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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