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Murrey Math Lines 15.12.2020 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after rebounding from the resistance at 8/8, AUDUSD is expected to correct within the uptrend and reach the support at 5/8. However, this scenario may be canceled if the price breaks 8/8 to the upside. After that, the instrument may reverse and continue growing towards the resistance at 1/8.

Murrey Math Lines 15.12.2020 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, continue trading downwards.

Murrey Math Lines 15.12.2020 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”

In the H4 chart, after failing to fix above 6/8, NZDUSD is trading below it. In this case, the price is expected to continue falling towards the closest support at 5/8. However, this scenario may no longer be valid if the price breaks 6/8 to the upside. After that, the instrument may reverse and grow to reach the resistance at 7/8.

Murrey Math Lines 15.12.2020 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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

Murrey Math Lines 15.12.2020 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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