Allan Bollard, Governor of the Reserve Bank of New Zealand, is concerned about the strength of the New Zealand Dollar along with a trade balance deficit. He says the WTO may get the right to control currency exchange rates. However, some currencies will be pressed by quantitative easing.
According to Standard Bank, technically, the New Zealand Dollar will continue weakening. They expect the currency pair to decline down to 0.7810 in the near future.
According to , the New Zealand Dollar keeps weakening against the US Dollar. The experts report that NZDUSD is forming a downswing represented by wave C of H16..
A further downswing will probably encounter resistance around 0.7965, 0.7928/21. The current bearish move will be completed as soon as the price overcomes the top of the MF sloping channel and consolidates above 0.8041 (as shown below).
