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Murrey Math Lines 08.12.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotations are trading above the 200-days Moving Average, indicating an uptrend. We expect a breakaway of 6/8 and further growth of the quotations to the resistance level of 8/8. The scenario might be canceled by a breakaway of 5/8 top-down, which will drive the price down to the support at 4/8.

Murrey Math Lines 08.12.2020  AUDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the upper border of the VoltyChannel indicator will additionally support the growth.

Murrey Math Lines 08.12.2020  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”

On H4, the quotations are trading above the 200-days Moving Average and near 6/8. A breakaway of this level might catalyze further growth to the resistance level at 8/8. This scenario might be canceled by a breakaway of the support at 5/8. In this case, the quotations might decline to 4/8.

Murrey Math Lines 08.12.2020 NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the upper border of VoltyChannel will increase the probability of the growth of the price.

Murrey Math Lines 08.12.2020  NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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