Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

NZD/USD: flat is between 2 even levels

Price is trading in a clear corridor between the levels 2/8 (0.6714) and 4/8 (0.6836). The breakdown of the above levels were not, therefore, the likelihood of continuation of the flat in the same boundaries is high. Nevertheless, the existence of formal bearish trend suggests a possible decrease to the level 1/8 (0.6653). Fot that the paar must go below the level of 2/8 at least one third of the level widths. At the moment basically the same scenario is to increase at least to the level of 3/8 (0.6775).

Trade recommendations:

Buy – 0.6720; sl – 0.6670; tp – 0.6780.

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