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    NZD/USD: sideways movement will continue on 10.04.2015

    This week the pair NZD/USD traded in the range of 120 points in the channel of 0.7610-0.7490. At the moment the price is testing the middle line of “Bollinger bands” at the level of 0.7550. Breakdown of this level will enable the decline in price to the bottom limit of the channel   (0.7490). Otherwise, the price can reverse to the levels of 0.7610 (upper limit of the channel) and 0.7610 (Fibonacci level of 23.6%).

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