16.09.2014 - The fall of the New Zealand dollar has resumed after a brief correction

The price of the New Zealand the dollar was unable to continue the upward movement within the correction despite the fact that it has broken through the upper limit of the local descending channel. The growth of quotations was stopped by the lower boundary of the channel and a strong level of 0.8200, after which the price decline has resumed. In the nearest future we expect a continuation of the downward movement with the closest target near 0.8110, and then probably will drop to 0.8000. In the nearest future there is no reason to expect a change of the downtrend.

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