NZD/USD: Murray levels
D1. The feeble attempt to gain a foothold above the key level of 8/8 (0.8789) was unsuccessful. Now the pair’s likely to test the level of 7/8 (0.8667). Taking into account the uptrend, the pair’s likely to recover to the area of CTD1 and 8/8. A fall below 7/8 is possible, if CTD1 changes color to yellow.
H4. Intersection of STH4 and CTD1 signals a trend change. Whether it’s false or not will depend on a reaction to the level of 6/8 (0.8667): if it is broken by the bearish candle, and CTD1 turns downward, then the pair will slide below 4/8 (0.8545). A close above the 6/8 will lead to an increase to the area of CTD1 and a return to 8/8.