NZD/USD Forecast by Bank of New Zealand: moved to 0.600 psy level by March 2016
17 September 2015, 18:11
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BNZ made a forecast for NZD/USD up to March 2017 estimating for this pair to be in 0.600 psy level by March 2016 up to September 2016.
As
we see from the weekly chart - the nearest support level for this pair is 0.6102 so BNZ is planning for this level to be broken by March this year to 0.6000 psy level as the next bearish target. And this pair will be moved in bear market rally way since end of 2016 till March 2017 for example.
| Pair | Q4 Dec'15 | Q1 Mar'16 | Q2 June'16 | Q3 Sep'16 | Q4 Dec'16 | Q1 Mar'17 |
|---|---|---|---|---|---|---|
| NZD/USD | 0.620 | 0.600 | 0.600 | 0.610 | 0.620 | 0.630 |
