2019 2020 2021 NZD/USD : New Zealand Dollar rate Long-term forecast, down to 0.532
New Zealand Dollar (NZD) seems to have entered a very important phase. New Zealand Dollar to US Dollar (NZD/USD) rates are likely to fall much in the long run. A support could be 0.532 level. A meaningful price is 0.6185, however, this price level could not do as a good support line.
Even if they go up, 0.667 will be a very strong resistance. Their going up will give traders nice opportunities to sell NZDUSD. In my opinion, there will be a good chance if we wait.
There are people talking about the economic condition of New Zealand. New Zealand Dollar may not mind such a situation and will move.
[NZD USD rate monthly chart]
Even if they go up, 0.667 will be a very strong resistance. Their going up will give traders nice opportunities to sell NZDUSD. In my opinion, there will be a good chance if we wait.
There are people talking about the economic condition of New Zealand. New Zealand Dollar may not mind such a situation and will move.
[NZD USD rate monthly chart]