13.07.2016 - New Zealand Dollar has resumed the growth

Price of the New Zealand dollar continued to rise after within the correction retreated to the level of 0.7250. In case of overcoming a local maximum, the price will continue to rise with potential targets at 0,7400-0,7500. It is worth noting that after long-term growth is likely the reduction of price to the bottom of the channel and the level of support at 0.7200, fixing below which will be a signal to sell with targets at 0.7050 and 0.6970. Our medium-term outlook remains negative, despite a likely continuation of the current upward momentum in the short term.

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