17.04.2014 - The New Zealand dollar bounced up

The price of the New Zealand dollar rebounded from the bottom of the local downstream channel and reached a strong level at 0.8630. If the price will not be able to break through this level, we recommend to open short positions. Further growth is limited by the upper boundary of the descending channel and resistance at 0.8650. With the resumption of the downward movement, the closest targets will be at 0.8590 and 0.8920. We anticipate low volatility on the background of the day off in New Zealand.

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