13.10.2016 - We expect a strong movement NZD/USD after the consolidation
Price of New Zealand Dollar continues moving inside the local descending channel, and currently is consolidated near the level of 0.7050. Overcoming this mark will be the basis for the continuation of negative dynamics of price with the objectives at 0.6820, 0.6600 and 0.6450. Growth is limited by the resistance level at 0.7200. Our medium-term outlook remains negative and we expect a price decline in the near future and medium term.