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Murrey Math Lines 02.02.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD has broken the 200-day Moving Average and 5/8. In this case, the price is expected to continue falling to reach the closest support at 4/8. However, this scenario may be canceled if the price breaks 5/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 6/8.

Murrey Math Lines 02.02.2021 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 02.02.2021 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, NZDUSD is moving above the 200-day Moving Average, thus indicating an ascending tendency. downwards. In this case, the price is expected to break 6/8 and then continue growing towards the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. In this case, the instrument may continue falling to reach the support at 4/8.

Murrey Math Lines 02.02.2021 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 upside line of the VoltyChannel indicator and, as a result, continue growing.

Murrey Math Lines 02.02.2021 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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