04.11.2014 - NZD/USD is corrected upwards. Traders are waiting for data on unemployment
The price of the New Zealand dollar continues to fall along the descending resistance line. Quotes of NZD/USD started to adjust upward after reaching the level of 0.7700. Continued growth is possible to the levels 0.7800 and 0.7900. We maintain a medium-term negative outlook and recommend holding short positions on the New Zealand dollar, but expect strong growth of the price volatility today after the publication of data on the labor market in New Zealand for the 3rd quarter (21:45 GMT).