The price of the New Zealand dollar continued to decline and broke the support level at 0.8685. To continue the downward movement the price needs to fix below this mark. At the same time, it is worth noting that on the price chart the New Zealand dollar has formed reversal pattern "double top", which gives reason to expect a significant price reduction in the near future. We recommend opening short positions with the targets at 0.8600 and 0.8560.
25.06.2014 - On the chart NZD/USD was formed a "double top"
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