Currency Analyst since 2010

NZD/USD: Murray levels analysis

D1. The pair has almost reached the level of 2/8(0.8057), and is trading slightly above CTD1. The sharp break below this level will cause a decline to 0/8 (0.7813). This scenario is the most likely, given the fact that neither CTW1, nor CTD1 changed to the upside.

H4. Very uncertain intersection of CTD1 and CTH4 can hardly be considered an attempt to change the trend to bullish. Therefore, most likely, the ceiling is at 4/8(0.8057), and the pair begin to decline, at least to the area of 2/8(0.7935). We can’t rule out the fall of the current levels to 1/8(0.7874).

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