22.04.2015 - We are waiting for a buy signal on the NZD/USD

The price of the New Zealand dollar after the correction to the lower boundary of the local rising channel, resumed growth and at the moment is trying to continue its upward movement along the bottom of the channel. In case of fixing of quotations above the strong resistance level at 0.7700, we expect continued growth to 0.7800, 0.7850 and 0.7900. On the other hand a signal of change the current trend to positive, will be fixing the price below 0.7620. We recommend to wait for new signals to open positions.

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