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 has a chance to fall to the area of 0.6960

Consisting intersection STH4 with STD1 on the background of the price fixates below 2/8 (0.7080) can be regarded as a signal to reduce at least to the level of 1/8 (0.6958). Nevertheless, the probability of the growth scenario is also available, as evidenced by the very small distance between STH4 and STD1, as a bullish color STD1. Therefore, a significant breakdown of the level 2/8 will lead to a test mark at 3/8 (0.7202). Preference is nevertheless necessary to give the bears considering that STH4 yet no signs of growth.

Trade recommendations:

Sell – 0.7080; sl – 0.7125; tp – 0.6950. 

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