Murrey Math Lines 21.01.2020 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
In the H4 chart, AUDUSD is moving close to the “oversold area”. In this case, the pair is expected to break 0/8 and then continue falling towards the next support at -1/8. However, this scenario may no longer be valid if the price breaks 1/8 upwards. After that, the instrument may continue growing to reach the resistance at 2/8.
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 Dollar”
In the H4 chart, NZDUSD is still consolidating. According to the main scenario, the pair is expected to break 4/8 and then continue falling to reach the support at 3/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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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