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NZD/USD: Murray levels analysis

D1. Last week the pair attempted to reverse in the oversold zone, but returned their rather quickly. However, it signals a forthcoming bullish jump to CTW1 and the level 2/8(0.8057). For the very near future we expect a sideways trade between the ranges 1/8(0.7935) and -1/8(0.7690).

H4. The recent flat will likely find its continuation. We expect a retest of a border of CTD1 with the level 1/8(0.7935). Alternative scenario (break below -1/8(0.7690) will be possible if the price fixes below CTH4. 

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