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Murrey Math Lines 25.10.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes are under the 200-day Moving Average, indicating the prevalence of a downtrend. The RSI has broken through the support level. A test of 3/8 (0.6225) should be expected, followed by a breakaway and falling to the support level of 2/8 (0.6103). The scenario can be cancelled by the price rising over the resistance level of 4/8 (0.6347). After this, the pair may rise to 5/8 (0.6469).

Murrey Math Lines 25.10.2022 AUDUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower border of VoltyChannel will increase the probability of a decline to 5/8 (0.6469) on H4.

Murrey Math Lines 25.10.2022 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”

On H4, the quotes are also under the 200-day Moving Average, indicating a downtrend, and on the RSI, the support level has been broken. A test of 2/8 (0.5615) is expected, followed by a breakaway and falling to the support level of 1/8 (0.5493). The scenario can be cancelled by coming over the resistance level of 3/8 (0.5737). This can provoke growth of the pair to 4/8 (0.5859).

Murrey Math Lines 25.10.2022 NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the decline can be additionally supporter by a breakaway of the lower border of the VoltyChannel.

Murrey Math Lines 25.10.2022 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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