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Murrey Math Lines 24.11.2020 (AUDUSD, NZDUSD)

24.11.2020

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the pair is expected to break 8/8 and then continue growing towards the resistance at 1/8. However, this scenario may be canceled if the price breaks 7/8 to the downside. After that, the instrument may reverse and correct downwards to reach the support at 6/8.

Murrey Math Lines 24.11.2020 AUDUSD_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 trading upwards.

Murrey Math Lines 24.11.2020 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 trading above the 200-day Moving Average and 5/8, thus indicating an ascending tendency. In this case, the price is expected to continue growing towards the closest 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 reverse and fall to reach the support at 3/8.

Murrey Math Lines 24.11.2020  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, may continue moving upwards.

Murrey Math Lines 24.11.2020 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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