Math Lines at Murrey 28.06.2022 (AUDUSD, NZDUSD) :: InvestMacro


Article by RoboForex.com

AUDUSD, “Australian dollar to US dollar”

As we can see on the 4 hour chart, AUD/USD is trading below the 200-day moving average to indicate a bearish trend. In this case, the price is expected to test 1/8broke it, and then continued to fall to reach the support level at 0/8. However, this scenario may not be valid if the price breaks the resistance at 2/8 to the top. After that, the tool may reverse and resume growth towards 3/8.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

In the chart M15, the pair may break the descending line of the VoltyChannel indicator and, as a result, continue moving downwards.

AUDUSD_M15.00 USD
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

NZDUSD, “New Zealand Dollar against the US Dollar”

As we can see on the 4-hour chart, NZDUSD is also trading below the 200-day moving average, which indicates a possible downtrend. In this case, the price is expected to break 3/8 Then continue moving down to reach the support level at 1/8. However, this scenario may not be valid if the price breaks the resistance at 4/8 to the top. After that, the tool may reverse and grow towards the trend 5/8.


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New Zealand dollar / US dollar
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

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

New Zealand dollar / US dollar 15

Article by RoboForex.com

attention!
Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.



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