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Murrey Math Lines 22.09.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is moving below it. In this case, the pair is expected to break 6/8 and continue falling to reach the closest support at 5/8. However, this scenario may be canceled if the price breaks 7/8 to the upside. After that, the instrument may continue growing towards the resistance at 8/8.

Murrey Math Lines 22.09.2020 (AUDUSD, NZDUSD) 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 downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.

Murrey Math Lines 22.09.2020 (AUDUSD, NZDUSD) 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”

As we can see in the H4 chart, after rebounding from the Moving Average, NZDUSD may continue growing. In this case, the price is expected to break 6/8 and then continue trading upwards to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrument may continue falling towards the support at 4/8.

Murrey Math Lines 22.09.2020 (AUDUSD, NZDUSD) NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

Murrey Math Lines 22.09.2020 (AUDUSD, NZDUSD) NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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