16.02.2016 - We are waiting for the signal to sell NZD/USD

The price of the New Zealand dollar showed a sharp decline within which could fall to the level of 0.6600 and an angled support line. In the case of breaking through and fixation of prices below this level, quotes will continue to fall to 0.6500, 0.6450 and 0.6250. At the moment, there is also the likelihood of rebound of prices, but the more likely scenario according to our forecasts is a continuation of the negative dynamics of prices in the near future. We maintain our medium-term negative outlook with the target at 0.6000 and recommend to wait for the confirmation signal to sell.

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