Annual Forecast for NZDUSD (2022)

NZDUSD Annual Forecast – Price Still Equipped to Enter Bearish Trend

The annual forecast for NZDUSD shows that the price is still well equipped to enter a bearish trend in the year 2022. Price movement has long been characterized by ups and downs patterns in the market structure. We saw bulls fastening up and the bears were seen plunging in a bearish movement. However, the first prospect the market is likely to fall in favor of will be the bear market trend. This is a result of the strength in the current phase of the market.

NZDUSD Important Zones:

Resistance Levels: 0.87000, 0.75200
Support Levels: 0.61200, 0.48900

NZDUSD Long term Trend: Bearish

NZDUSD market is considered to be following the bearish trend at the current moment as the bears are ready and equipped to plunger price movement downward this year. The bearish impact plunge came into play in 2009. There was an enormous drop to the 0.48900 price level. When the bearish downplay was over, the bulls then picked up price momentum from the 0.48900 price level. The price, however, rallied up to the 0.87000 key level, which is still at its all-time high.

The market varied as the price was seen to be ranging between the levels of 0.48900 and 0.75200, a significant level. After a while, the sellers took it on themselves to bring the price lower to the 0.61200 significant level. Price ranging, however, continued, and the market is now varying between 0.75200 and 0.61200 price levels. The market is currently pushing downward as the price still has a range pattern. When the accumulation phase is over, we should therefore expect a significant fall below 0.61200 in the coming months.

NZDUSD Medium Term Trend: Bearish

The market on the weekly timeframe displays the sellers’ price movement in a downtrend manner after a long ride to the 0.75200 price level by the buyers. The price is therefore set to flow downward and break the 0.61200 significant level when the accumulation phase is over. The Parabolic SAR (Stop and Reversal) indicator shows that the weekly timeframe is still following a bearish trend to the 0.61200 price level.

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