New Zealand accelerates its pace of economic growth

Market Leader informed

The New Zealand institute of economic research has recently come to a conclusion that the country’s economy will be developing faster than expected.

Such a conclusion was made basing on the growth of exports and consumer spending. The specialists suppose that next financial year, which is to start on April 1^st 2011, the New Zealand economy will show a 3.1% increase against the predicted 2.8%.

The NZD currency rate keeps growing against USD.

Experts of the Department of studying Masterforex-V trading system suppose that after coming out of the MF sloping channel and breaking through the defensive MF pivot, NZDUSD will start developing a wave of the senior timeframe against the entire bearish wave (0.7972-0.7630) of level Н8-H12. After it is finished there will be the “moment of truth” for the situation, which will indicate the direction of the further movement of NZDUSD.

 

 

 

 

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