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Murrey Math Lines 21.12.2021 (AUDUSD, NZDUSD)

21.12.2021

AUDUSD, “Australian Dollar vs US Dollar”

As we can see in the H4 chart, AUDUSD has rebounded from 0/8. In this case, the price is expected to grow and reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks the support at 0/8 to the downside. After that, the instrument may continue falling towards -1/8.

AUDUSDH4
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 upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

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 trading within the “oversold area”. In this case, the price is expected to rebound from -1/8 and then correct upwards to reach the resistance at 0/8. However, this scenario may no longer be valid if the price breaks the support at -1/8 to the downside. After that, the instrument may continue falling towards the next support at -2/8.

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 upside line of the VoltyChannel indicator and, as a result, continue its growth.

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

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.


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