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Murrey Math Lines 07.09.2021 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

In the H4 chart, AUDUSD is trading above the 200-day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to continue moving upwards to reach the closest resistance at 7/8. However, this scenario may be cancelled if the price breaks 6/8 to the downside. After that, the instrument may reverse and correct towards the support at 5/8.

Murrey Math Lines 07.09.2021 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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

Murrey Math Lines 07.09.2021 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 consolidating not far from the upside border of the range at 5/8. In this case, the price is expected to test the rebound from this level and then resume falling to reach the support at 4/8. However, this scenario may no longer be valid if the price breaks the resistance at 5/8 to the upside. In this case, the instrument may continue growing towards 6/8.

Murrey Math Lines 07.09.2021 NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.

Murrey Math Lines 07.09.2021 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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