NZD/USD Forecast and long term Price Prediction (2020)

The New Zealand Dollar to US Dollar (NZD/USD) exchange rate is one of the world’s most traded currency pairings.

In this article we make a New Zealand Dollar / US-Dollar price forecast and long-term price prediction. We would like to give an assessment of the future price development of New Zealand Dollar / US-Dollar. We look at the short term chart like the daily chart, the medium term chart like the weekly chart and monthly charts, and also the long term charts for NZD/USD which are the quarterly and yearly charts.  The basis of our analysis is the Price Action and Technical Chart Analysis.

The charts used are from TradingView and the prices are from FXCM.

NZD/USD Forecast: Daily chart

Last update: September 28, 2020

In the daily chart we see NZD/USD moving down below the 20 SMA and 50 SMA.

NZDUSD forecast daily chart
NZD/USD Forecast: Next target August low and July low (Chart: TradingView)

Resistance: 0.6800 | 0.6941
Support:  0.6488 | 0.6196

NZD/USD forecast: We expect to see a continuation of the neutral to negative chart picture with possible downside potential to the August low respective July low.

NZD/USD Forecast: Weekly chart

Last update: September 28, 2020

In the weekly chart we see NZD/USD approaching the August low at 0.6488.

NZDUSD forecast of the weekly chart
NZD/USD Forecast: Sideways price action below the 0.6800 level (Chart: TradingView)

Resistance: 0.6800 | 0.6941
Support:  0.6488 | 0.6196

NZD/USD forecast: We expect to see NZD/USD trading weaker in the weeks aheaed. Next price target could be the August low at 0.6488 and then the July low at 0.6440. The neutral to negative looking chart picture would turn to positive, if NZD/USD could pass the September high.

NZD/USD outlook: Monthly chart

Last update: September 28, 2020

In the monthly chart we see NZD/USD under pressure with key resistance around the 0.6800 level. NZD/USD is now approaching the August low.

NZDUSD predictions monthly chart
NZD/USD Forecast: Correction of the long term downtrend beginning at the 2011 high (Chart: TradingView)

Resistance: 0.6800 | 0.6941
Support:  0.6488 | 0-6440 | 0.6196

NZD/USD prediction: We expect to see a continuation of the long term downtrend. A price decline below the August low at 0.6488 could lead to more weakness with target 2015 low at 0.6196. On the flip side, a price advance above the 2019 high could improve the monthly chart and turn our forecast from bearish to bullish.

NZD/USD prediction: Quarterly chart

Last update: September 14, 2020

In the quarterly chart we see NZD/USD approaching the high of the year 2019 at 0.6941.. Beginning from the all time high of 2011 the major forex pair is moving in a defined long term downtrend and has reached a low at 0.5469 in the first quarter of 2020.

New Zealand US-Dollar outlook quarterly chart
NZD/USD Prediction: Correction of the long term downtrend beginning at the 2011 high (Chart: TradingView)

Resistance: 0.6941
Support:  0.6196

NZD/USD prediction: We expect to see a continuation of the long term downtrend. Next important price target could be the low of 2020 at 0.5469. Only a price advance above the high of 2019 at 0.6941 would turn our negative outlook to neutral or positive.

NZD/USD forecast: Yearly chart

Last update: September 14, 2020

In the yearly chart we see NZD/USD close to the current high of the year 2020. Beginning from the all time high of 2011 the major forex pair is moving in a defined long term downtrend.

New Zealand - US-Dollar long term chart forecast and prediction
NZD/USD Outlook: Long term downtrend beginning at the 2011 high (Chart: TradingView)

Resistance: 0.6941
Support:  0.6196

New Zealand Dollar forecast: We expect to see a continuation of the long term downtrend. Next important price target could be the low of 2020 at 0.5469. Only a price advance above the high of 2019 at 0.6941 would turn our negative outlook to neutral or positive.

What is the current price of NZD/USD ?

The current price of NZD/USD you can see here.

About NZD/USD

NZD/USD, often referred to as “Kiwi”, a foreign exchange term used to describe the New Zealand Dollar vs the US dollar, is one of the oldest traded currency pairs. The Currency Pair NZD/USD is the shortened term for the New Zealand Dollar against U.S. dollar pair, or cross for the currencies of New Zealand (NZD) and the United States (USD). … For example, if the pair is trading at 0.6500, it means it takes 0.6500 U.S. dollars to buy 1 New Zealand Dollar.

*This price prediction is based on the data collected from various sources. This should not be considered as an investing parameter and user should do their own research before investing.

Do you think our predictions are accurate? What are your thoughts on the methods used to reach our conclusions? Let us know in the comments below.

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