Annual Forecast for NZD/USD (2021): Kiwi Is Likely To Be Stronger Because of a High Interest Rate

Azeez Mus

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Thev Kuj Theem: 0.7000, 0.7200, 0.7400
Cov Ntsiab Txhawb Txhawb Zog: 0.6200, 0.6000, 0.5800

In January 2020, NZD/USD has an opening balance of 0.6733. However, the Kiwi has a breakdown in the first quarter of the year as price dropped to 0.5469. Immediately, the bulls buy the dips as the market resumed an upward move. In other words, the uptrend commenced in April and has continued to December. NZD/USD is trading at level 0.7111 at the time of writing.

NZD/USD – Monthly Chart

NZD/USD Price Prediction: Monthly Chart
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NZD/USD – Weekly Chart

NZD/USD Price Prediction: Weekly Chart
On this chart, the market is in a smooth uptrend. While in the upward move, the pair rebounded to break levels o.6400 and 0.6600 resistance levels to push on the upside. The current upward move is approaching a resistance zone.

xaus
The Kiwi is presently approaching the 2017 high of 0.7558. There is possibly a further upward move as the RSI is at level 60 which creates more room to rally. The New Zealand dollar is strong, because of its high-interest rates which makes it more profitable to invest, thereby lifting demand for your currency


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Azeez Mus

Azeez Mustapha yog tus kws tshaj lij kev lag luam, tus kws tshuaj xyuas nyiaj txiag, teeb tsa tus tswv yim lag luam, thiab tus tswj nyiaj txiag nrog ntau dua kaum xyoo ntawm kev paub dhau los hauv kev lag luam nyiaj txiag. Raws li blogger thiab tus sau nyiaj txiag, nws pab cov tswv lag luam nkag siab cov ntsiab lus nyiaj txiag nyuaj, txhim kho lawv cov peev txheej peev txheej, thiab kawm paub tswj hwm lawv cov nyiaj li cas.

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