12.02.2016 - The price of the New Zealand dollar was not able to continue the growth

The price of the New Zealand dollar continued to rise and again approached the resistance level at 0.6750 but failed to break it. Currently quotes are reduced and in case of continuation of the current dynamics, will reach the level of support at 0.6600 and the inclined support line. To continue the growth with the objectives at 0.6800 and 0.6990, the price needs to gain a foothold above 0.6750. Our medium-term outlook remains negative and we look forward to the confirmation of the signal to sell with the objectives at 0.6450 and 0.6250, which will be the price fixing below 0.6600.

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