NZD/USD: Murray levels analysis
D1. The pair breached support at 2/8 (0.8057) and approached (0.7935). Watch whether the pair will close above or below this level, but as there’s a strong bearish trend NZD/USD will likely test the main support at 0/8 (0.7813).
H4. Oversold zone hasn’t stopped the bears yet, and now the pair’s planning to test the low edge of the range, the 2/8 level (0.7935). Then the pair will have a new goal. The rebuild of the levels won’t be able to alter the well-established downtrend.