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Murrey Math Lines 03.12.2019 (AUDUSD, NZDUSD)

03.12.2019

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is consolidating. In this case, the pair is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 to the downside. After that, the instrument may continue falling to reach the support at 2/8.

AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

AUDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

NZDUSD, “New Zealand Dollar vs US Dollar”

In the H4 chart, NZDUSD is still moving upwards. In this case, the pair may break 3/8 and then continue growing to reach the resistance at 4/8. However, this scenario may no longer be valid if the price rebounds from 3/8. After that, the instrument may start a new decline towards the support at 2/8.

NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

Forecasts presented in this section only reflect the author’s 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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  • avatar-1254
    Nikopass
    • #

    Aussie is supported by RBA decision, true to form.


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