20.05.2014 - The New Zealand dollar has left the triangle

The price of the New Zealand dollar fell sharply amid the fall of the Australian currency. The quotes of NZD/USD broke through the strong support level at 0.8600, which is the lower boundary of the triangle. We expect continuation of the price fall with targets at 0.8560 and 0.8520. Within the correction, the price can go back up to the level of 0.8600. We expect further decline in the medium term.

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