05.10.2016 - The probability of falling NZD/USD highly increased

Price of the New Zealand dollar has shown a sharp drop after failed to gain a foothold outside the triangle and has overcome the local maximum at 0.7320. As a result, quotations have fallen below the support level at 0.7200, fixing below which will be the basis for the continuation of negative dynamics of price with the objectives at 0.6820, 0.6600 and 0.6450. We maintain our medium-term negative outlook, and with a high probability expect decrease in the near future.

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