23.09.2015 - The New Zealand dollar fell to the minimum levels of the year

The price of the New Zealand dollar has continued to fall and reached the important support level at 0.6250. At the moment, there is a possibility of price of rebound to the nearest resistance at 0.6320. The breaking of 0.6250 support at will be the reason for further price reductions to the target levels at 0.6200 and 0.6000. Growth of volatility is forecasted in the evening after the publication of a report on the trade balance in New Zealand. We maintain a medium-term negative outlook and forecast decline in the near future.

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