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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