17.03.2016 - The New Zealand dollar shows the strong growth

The price of the New Zealand dollar after the recent reduction and consolidation around the level 0.6600, started to correct upwards and within the growth has reached an important level of 0.6820. Overcoming and fixing the price above this level will be the basis for further growth of prices up to 0.6900 and 0.7000. Now there is a significant probability of price correction to 0.6750. Our medium-term outlook remains negative and according to our estimates, will soon be replaced by the upward momentum on the negative dynamics with potential targets at 0.6450 and 0.6250.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.