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08.03.2016 - THE NEW ZEALAND DOLLAR MAY CONTINUE TO FALL BY FXFINPRO CAPITAL


The price NZD/USD after strong growth reached a level of 0.6820 but could not continue to grow and now has returned to a strong level of 0.6750. In case of breaking this level will be completed the formation of the figure - double top, which indicates a reversal of the upward trend and indicates a fall. In this case, targets will be 0.6600, 0.6450 and 0.6250. Growth is limited by resistance levels at 0.6900 and 0.7000. Our medium-term outlook remains negative and we can see a drop in the near future.

 

Source: https://fxfinpro.com

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