The New Zealand Dollar is weakening
under the influence of external factors, ANZ experts assume. In general,
the domestic economic figures are pretty strong, which should ensure
the strengthening of the nation la currency.
According to the results of the survey conducted by ANZ, the share
of the respondents that anticipate an improvement in the local business
conditions within 12 months increased up to 60,5% in November. According
to the survey conducted a month before, the figures were around 53,2%.
Investors always watch the data since they reflect the current state of
affairs in the New Zealand industry.
Talking about the near-term prospects,
the experts assume the currency is about to stay in the range or to
show a slight increase against the US Dollar.
According to Masterforex-V Academy,
the New Zealand Dollar keeps weakening against the US Dollar. The
experts report that NZDUSD is forming wave 3/С inside a bigger-scale
upswing represented by a wave of level Weekly.
A further downswing will probably give way to 0.8089/78, 0.8056, 0.8034/15 .
The current bearish move will be completed as soon as the price
overcomes the top of the MF sloping channel and consolidates above 0.8210. (as shown below).