Murrey Math Lines 13.12.2022 (AUDUSD, NZDUSD)
AUDUSD, “Australian Dollar vs US Dollar”
On H4, AUDUSD quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is testing the support line. The pair is expected to rise above 7/8 (0.6774) and then reach the resistance level of +1/8 (0.6897). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (0.6713). In this case, the pair may go down to 4/8 (0.6591).
On M15, a breakaway of the upper border of VoltyChannel will increase the probability of price growth to +1/8 (0.6897) on H4.
NZDUSD, “New Zealand Dollar vs US Dollar”
On H4, the quotes are in the overbought area. The RSI has bounced off the ascending trendline. The quotes are expected to break through the support level at 8/8 (0.6347) downwards and then fall to 7/8 (0.6225). The scenario can be cancelled by rising over the resistance level of +1/8 (0.6469). This might bring the pair up to +2/8 (0.6591).
On M15, an additional signal confirming the decline will be a breakaway of the lower line of VoltyChannel.
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.