24.02.2015 - The New Zealand dollar fell sharply

The price of the New Zealand dollar changed positive trend to negative after failed to gain a foothold above the psychologically important level of 0.7500. The basis for the fall was the breaking of the sloping support line and the important level at 0.7500. At the moment, quotes fell to a strong support level at 0.7440, the resolution of which will be the basis for reaching the following targets at 0.7340 and 0.7200. Growth is limited by the resistance at 0.7500. We expect the current dynamics in the near future and recommend opening short positions with a stop above the local maximum at 0.7570.

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