14.01.2016 - We expect a further decline of NZD/USD
The price of the New Zealand dollar continues to fall after failed to overcome the upper limit of local descending channel. As a result, the quotes have overcome the support at 0.6500 and reached the target level at 0.6450. The next target will be 0.6250. Correction is possible within the channel and to 0.6600 in case of going beyond it. We expect the price decline in the near future and recommend holding short positions.