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06.04.2016 - THE FALL OF THE NEW ZEALAND DOLLAR MAY CONTINUE AFTER THE RECENT CORRECTION by FXFINPRO CAPITAL

 

Price of the New Zealand dollar corrected upwards after reaching an inclined support line and in case of continuing upward momentum will reach resistance at 0.6875. On the other hand breaking through an inclined support line will lead to a continuation of the negative dynamics to the descending channel's lower border, and the level of 0.6600. Our medium-term outlook remains negative and the growth potential in the near future is limited.

 

 

Source: https://fxfinpro.com

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