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Murrey Math Lines 29.11.2022 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar”

On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI has bounced off the support line. The quotes are expected to rise above 7/8 (0.6713) and then reach the resistance level of 8/8 (0.6835). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (0.6591), which might entail a trend reversal and falling to 5/8 (0.6469).

Murrey Math Lines 29.11.2022  AUDUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the upper border of VoltyChannel will increase the probability of price growth to 8/8 (0.6835) on H4.

Murrey Math Lines 29.11.2022 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”

The situation with the NZDUSD is similar. On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend, and the RSI has bounced off the support line. All in all, an upwards breakaway of 7/8 (0.6225) is expected, followed by growth to the resistance level of 8/8 (0.6347). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (0.6103), which will signal falling to 5/8 (0.5981).

Murrey Math Lines 29.11.2022 NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, an additional signal confirming price growth will be a breakaway of the upper border of VoltyChannel.

Murrey Math Lines 29.11.2022 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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