06.04.2016 - The fall of the New Zealand dollar may continue after the recent correction

Price of the New Zealand dollar corrected upwards after reaching an inclined support line and in case of continuing upward momentum will reach resistance at 0.6875. On the other hand breaking through an inclined support line will lead to a continuation of the negative dynamics to the descending channel's lower border, and the level of 0.6600. Our medium-term outlook remains negative and the growth potential in the near future is limited.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.