04.09.2015 - The New Zealand dollar continued to fall

The price of the New Zealand dollar after the correction to the upper boundary of the local descending channel and level 0.6400 has continued downward movement of price and returned to the level of a local minimum. Fixing the price below this mark will be the basis for the continuation of drop in prices to target levels 0.6200 and 0.6000. We recommend holding short position with a stop above 0.6400 and maintain the medium-term negative outlook.

USD Graph

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