20.10.2015 - We expect the growth of the New Zealand dollar to 0.7000
The price of the New Zealand dollar rebounded from the lower boundary of the rising channel after some consolidation around the level of 0.6800. This fact is a stimulus for the continued upward movement of quotations to the target levels at 0.6900 and 0.7000. The probability of achieving them is above average. On the other hand, breaking through the channel's lower border will lead to a further drop in prices to the levels of 0.6700 and 0.6600. Our medium-term outlook remains negative, but the upward movement is likely to continue in the near future.