19.08.2016 - The probability of the New Zealand dollar decline rose
The price of the New Zealand dollar continues to consolidate between the inclined support line and resistance at 0.7320. In case of continued growth and overcoming 0.7320, quotations may reach 0.7400 and 0.7500. The signal about change of the trend will be breaking through the inclined line of support and a local minimum at 0.7200. In this case, quotations will continue to decline to 0.7050 0.6970. Our medium-term outlook remains negative, and the decline may continue in the near future.