29.09.2016 - The price of NZD/USD can leave the triangle

Price of the New Zealand dollar reached an inclined line of resistance, but could not overcome it, and as a result renewed the fall. It is worth noting that at the moment quotes are consolidated within the triangle and then move beyond it, we expect a strong price movement. The signal to buy with targets at 0,7400-0,7500 will be fixation above 0.7320, and a sell signal will be fixing the price below the level of 0.7200. Our medium-term outlook remains negative with the objectives at 0.6820, 0.6600 and 0.6450. Our medium-term outlook remains negative.

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