11.08.2014 - We are waiting the signals on the New Zealand dollar
The price of the New Zealand dollar after a long decline has stabilized around the level of 0.8450 and continues to consolidate near this level. The price went outside descending channel and can continue the upward movement in case of fixing the price above 0.8530. Continued fall within the channel is possible after fixing prices below 0.8425. We recommend to wait for a signal to open positions on the New Zealand dollar.