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Murrey Math Lines 15.06.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, after breaking the 200-day Moving Average, AUDUSD is trading below it to indicate a possible descending tendency. In this case, the price is expected to break 6/8 and then continue moving downwards to reach the support at 5/8. However, this scenario may be canceled if the price breaks 7/8 to the upside. After that, the instrument may reverse and grow towards the resistance at 8/8.

Murrey Math Lines 15.06.2021 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 15.06.2021 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”

In the H4 chart, NZDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to break 2/8 and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. In this case, the instrument may grow towards 5/8.

Murrey Math Lines 15.06.2021 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 its decline to reach 0/8 from the H4 chart.

Murrey Math Lines 15.06.2021 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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