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Murrey Math Lines 26.01.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is moving between 7/8 and 6/8. In this case, the price is expected to break 6/8 and then continue the correction within the uptrend to reach the support at 5/8. However, this scenario may be canceled if the price breaks the resistance at 7/8 to the upside. After that, the instrument may reverse and grow towards 8/8.

Murrey Math Lines 26.01.2021 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 26.01.2021 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 failing to fix above 6/8, NZDUSD is moving downwards. In this case, the price is expected to continue falling to return to 5/8. However, this scenario may no longer be valid if the price tries to break 6/8 to the upside again. If it succeeds, the instrument may reverse and continue growing to reach the resistance at 8/8.

Murrey Math Lines 26.01.2021 NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue falling.

Murrey Math Lines 26.01.2021 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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