Currency Analyst since 2010

NZD/USD: Murray levels

D1. The bulls have finally broken above the key 8/8(0.8789) level. It is now important if the pair fixes above it as the breakout may turn to be wrong. It is not enough to break above 8/8 to open the way to +1/8(0.8911). Price closure below 8/8 could signal a beginning reversal to the downside.  

H4. The pair has definitely settled above 8/8(0.8789). That’s why the jump of the horizontal СТH4 up from the current area looks like the most likely scenario. The pair’s growth will be limited by +1/8(0.8850). Correction up to the close below 8/8 and decline to СТD1 doesn’t seem very likely in the near future.

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