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Murrey Math Lines 06.12.2022 (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. Currently, we should expect a test of 8/8 (0.6835), a breakaway of it, and growth to the resistance level of 1/8 (0.6958). The scenario can be cancelled by a downward breakaway of the support level at 7/8 (0.6713). In this case, correction will continue, and the quotes may drop to 6/8 (0.6591).

Murrey Math Lines 06.12.2022 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 line of VoltyChannel will increase the probability of price growth to 1/8 (0.6958) on H4.

Murrey Math Lines 06.12.2022 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 broke through 8/8 (0.6347) downwards ad exited the overbought area. The RSI is decreasing step by step to 30. A test of 7/8 (0.6225) is expected, followed by a breakaway and falling to the support level of 6/8 (0.6103). The scenario can be cancelled y rising over the resistance level of 8/8 (0.6347). This might entail growth of the pair to 1/8 (0.6469).

Murrey Math Lines 06.12.2022 NZDUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of VoltyChannel is broken away, which increases the probability of further price falling.

Murrey Math Lines 06.12.2022 NZDUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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