28.07.2016 - We forecast a drop of the New Zealand dollar after correction

Price of the New Zealand dollar showed strong growth in the last few days, but at the moment is corrected after failed to overcome the resistance level at 0.7130. In case of continued negative dynamics quotes can return to 0.6970, and the overcoming of this mark will be the reason for the price decline to 0.6600 and 0.6450. On the other hand, we do not rule out the resumption of growth and in case of overcoming the level of 0.7130, the growth will continue until 0.7250. Our medium-term outlook remains negative.

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