20.02.2015 - The New Zealand dollar continues to grow within the channel

The price of NZD/USD continued to rise inside the rising channel and currently fixed above the level of 0.7500, which is the basis for the further growth of the price within the channel with the first targets at 0.7620 and 0.7750. In case of breaking through the bottom of the channel and fixing below 0.7440, we recommend to re-open short positions with the potential drop to 0.7200 and 0.7000. According to our forecasts the growth will continue in the near future, and to determine the medium-term price direction we will need new signals.

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