13.06.2014 - We are waiting for a correction on New Zealand Dollar

The New Zealand dollar after the price gap up continued the upward movement and reached the local maximum near 0.8700. The reason for the growth was the increase in the interest rate of the Reserve Bank of New Zealand, as well as a statement on plans to increase rates by 1% for 12 months. We recommend to open short positions with a stop above 0.8700 and 0.8620 and targets near 0.8590.

May 5, 2014 of NZD-USD Performance

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