25.09.2014 - The New Zealand dollar accelerated the decline
The price of the New Zealand dollar has reached the target level of 0.8000, has broken through it and continues to decline. It is worth noting that the reason for the decline was the statement of the head of the Reserve Bank of New Zealand on the overvaluation of the national currency. In case of correction, the price may rise to 0.8000 and 0.8050. We expect continued downward trend in the medium term with targets at 0.7700 and 0.7600.