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08.10.2015 - We expect the price drop of the New Zealand dollar

The price of the New Zealand dollar has stabilized after reaching the level of 0.6600. In case of continuation of the upward movement, quotes will continue to rise till the next resistance level at 0.6700. It is worth noting that at the moment there is a high probability of reduction of quotations till bottom of the channel and the support level at 0.6500. According to our estimates, the potential for further growth is minimal and we expect to see a drop in prices in the near future and in the medium term to 0.6000.

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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.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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