09.08.2016 - The fall of the New Zealand dollar can be resumed after correction

Price of the New Zealand dollar continued correction within the local downtrend channel and may soon reach its upper limit and its breaking through will be the basis for continuing upward momentum to the levels of 0.7250 and 0.7320. In case of resumption of negative dynamics within the channel, the closest targets will be 0.7050 and 0.6970. Our medium-term outlook remains negative and the potential growth in the nearest future will be limited.

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