13.01.2015 - We recommend holding short positions on the NZD/USD
The price of the New Zealand dollar after a slight correction resumed downward movement. In recent months, quotations of NZD/USD are consolidated within the corridor 0,7620-0,7850 and after reaching its upper limit is likely to continue falling to 0.7620 with the potential of further fall to 0.7500. To continue to reduce the price needs to fix below 0.7750. We maintain our medium-term negative outlook and recommend holding short positions with a stop above 0.7910.