16.07.2015 - The price of NZD/USD reached the target level and continued to fall

The price of the New Zealand dollar after consolidating around the level 0.6700 started to decline sharply and reached the target level at 0.6600 and continued to fall to the level 0.6500. At the same time quotations reached the lower boundary of downward channel. In this regard, now there is the probability of rising price rebound to the levels of 0.6600 and 0.6700. Our medium-term outlook remains negative and we recommend holding short positions.

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