During the reduction of the resistance level 0.8700 dollar NZD> New Zealand Dollar formed a rather significant "disservice" candle and went down further. The blue line on the graph denotes a 100-period simple moving average, built on the basis of the closing price (close). Red line marks the 50-period moving average, built on the basis of the closing price (close).

 Down to the bottom of the channel, dollar NZD> dollar bounced up and formed a small "bull" candle. The blue line on the graph denotes a 100-period simple moving average, built on the basis of the closing price (close). Red line marks the 50-period moving average, built on the basis of the closing price (close).

As said the experts of the Forex Broker Company the TeleTrade, the dollar traded lower in anticipation of today's publication of the minutes of the last meeting of the Open Market Committee of the Fed.

 

Breaking through the level of 0.8770, the dollar NZD> New Zealand Dollar has reached the upper limit of the channel. Then the price jumped down and consolidated to form the presently small "bearish" candle with elongated upper shadow. The blue line on the graph denotes a 100-period simple moving average, built on the basis of the closing price (close). Red line marks the 50-period moving average, built on the basis of the closing price (close).  

Breaking a large "bear" candle 0.8700 level, the New Zealand dollar reached the bottom channel and tries to knock down. The blue line on the graph denotes a 100-period simple moving average, built on the basis of the closing price (close). Red line marks the 50-period moving average, built on the basis of the closing price (close).