30.08.2016 - We are waiting for the signal to sell NZD/USD

The price of the New Zealand dollar within the correction has returned to the level of 0.7250, but could not continue the growth and resumed falling. It is worth mentioning that earlier quotes broke through the inclined support line and fixing of price below 0.7200 will confirm the sell signal with targets at 0.7050 and 0.6820. The growth in the near future is limited by the levels 0,7320-0,7350. Our medium-term outlook remains negative and we expect the fall in the near future.

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