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Murrey Math Lines 21.04.2020 (AUDUSD, NZDUSD)

21.04.2020

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking 2/8, AUDUSD is moving below this level. In this case, the pair is expected to continue falling to reach the support at 1/8. However, this scenario may be canceled if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 3/8.

AUDUSD_H4 is moving below this level. In this case
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 downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

AUDUSD_M15 has broken the downside line of the VoltyChannel indicator
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, after rebounding from the resistance at 1/8, NZDUSD is expected to resume falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may continue growing towards the resistance at 2/8.

NZDUSD_H4 s expected to resume falling to reach the support at 0/8
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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

NZDUSD_M15 has broken the downside line of the VoltyChannel indicator
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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