28.09.2015 - We recommend to open short positions on the New Zealand dollar
The price of the New Zealand dollar reached an important resistance level at 0.6400, which is the upper limit of the corridor 0,6250-0,6400 and started to correct downward. According to our forecasts the decline will continue in the nearest future to the levels of 0.6320 and 0.6250. In connection with this, we recommend to open short positions with a stop above 0.6400. Our medium-term negative outlook also remains unchanged.