09.06.2016 - The New Zealand dollar showed sharp growth
Price of the New Zealand dollar showed strong growth with a gap. As a result, quotes have overcome the local maximum at 0.7050, which was the basis for the continuing upward dynamics with price targets at 0.7200 and 0.7400. According to our estimates, the potential for further growth of quotations in the near future will be low, and we expect a price correction within which the price will be able to close the gap. Our forecast for the near future is a negative, despite the current upward momentum and we expect a decline in the medium term.