15.06.2015 - The fall of the New Zealand dollar may continue
The price of the New Zealand dollar continues to move along the upper boundary of the descending channel and tries to gain a foothold below the psychologically important level of 0.7000. Within the correction, quotations may grow to the level of 0.7200, but the likelihood of further growth is low. According to our forecast the decline will continue in the nearest future to the target levels at 0.6850 and 0.6600. Our medium-term outlook is negative.