23.03.2015 - The New Zealand dollar can change trend to a positive

The price of NZD/USD continued its growth and broke the upper limit of the local rising channel and reached the important resistance levels 0.7600 and 0.7620. In case of continued growth and fixing the price above these levels, we recommend to open long positions with a stop below 0.7400 and objectives at 0.7700, 0.7800 and 0.8000. In case of correction, quotations may decline to 0.7500. We forecast further growth, but recommend waiting for the confirmation of a buy signal.

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