15.07.2016 - The New Zealand dollar is trying to change the trend to the negative

The price of the New Zealand dollar has broken the lower border of the rising channel, and at the moment is trying to gain a foothold beyond it. In case of continued negative dynamics, a signal to sell will be overcoming the support level at 0.7130. In such case targets will be 0.7050 and 0.6970. In the case of resumption of growth, the price may return to level of 0.7250. Our medium-term outlook remains negative and we expect a fall in the near future.

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