The Federal Reserve’s decision to start another round of quantitative easing (QE3) supported the New Zealand Dollar. According to the currency strategist working for Westpac Bank, the news disappointed investors as NZDUSD broke the 6-month high.
The experts expect NZDUSD to break above 0.8470 after touching 0.8360. Other experts say that New Zealand corporations are getting ready for another rally in the market of NZDUSD.
Forex.
According to , the New Zealand Dollar keeps strengthening against the US Dollar. The experts report that NZDUSD is forming a big-scale upswing represented by wave C of level Daily.
A further rally will probably encounter resistance around 0.8350 and 0.8402. The current bullish move will be completed as soon as the price overcomes the bottom of the MF sloping channel and consolidates below 0.8078. (as shown below).
