29.10.2015 - We expect the fall of the New Zealand dollar

The price of the New Zealand dollar showed a decline yesterday, but today compensated a part of the losses and returned to the important level at 0.6700. Fixing the price below this mark will confirm the signal for opening short positions. It should be noted that further growth is limited by the upper boundary of the descending channel and its overcoming is unlikely. According to our forecasts, the decline will continue in the near future to the levels of 0.6600 and 0.6450, and in the medium term, we expect reaching the target levels at 0.6200 and 0.6000.

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