new zealand exchange rate forecast 2012

new zealand exchange rate forecast 2012 : Rallies for this pair above 0.8000 have often proven difficult to sustain, and it looks as though we are once again seeing the market falter above 0.8000 following an impressive thirteen big figure rally in 2011. The market has also well exceeded all relevant daily moving averages and we see the risks for deeper setbacks towards 0.7500 at a minimum, before bulls attempt to reassert. Above 0.8400 gives reason for concern.


A noteworthy improvement in Reserve Bank of New Zealand interest rate forecasts has coincided with a fairly sharp New Zealand Dollar recovery. Indeed, the NZD trades at fresh post-float highs, and relative yield expectations have likely played a part. Yet neutral commentary from RBNZ Governor Alan Bollard could put a damper on such forecasts—especially as the New Zealand Dollar itself could represent an impediment to continued economic recovery out of the small island nation.

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