The exchange rate of the New Zealand dollar and the American dollar is one of the most important indicators of the economic performance and trade relations between these two countries. In this analysis, we will use Elliott wave analysis, a technical method that is based on the hypothesis that prices in the financial markets move in waves of upward and downward movements, to provide predictions for the future value of this currency pair. We will also discuss other factors that may affect the exchange rate of the New Zealand dollar and the American dollar, such as economic policies, inflation, interest rates, global demand, global events and so on. Finally, we will compare and evaluate different forecasts that have been provided by bank for the exchange rate of this currency pair.

What data we should put into consideration?

• The exchange rate of the New Zealand dollar and the American dollar is influenced by various factors such as economic policies, inflation, interest rates, global demand, global events and so on.
• The New Zealand dollar is a low-traded currency, which means that its volume of transactions in the global markets is lower than larger currencies such as the American dollar, euro, or yen. This makes the New Zealand dollar more sensitive to changes in global demand and commodity prices such as milk, meat, wood and so on.
• The American dollar is a safe-haven currency, which means that in times of crisis or uncertainty, investors turn to it and increase its value. This makes the American dollar stronger against low-traded currencies such as the New Zealand dollar.
• Elliott wave analysis is a technical method that is based on the hypothesis that prices in the financial markets move in waves of upward and downward movements. This method tries to identify the patterns of the waves and provide predictions for the future based on them.
• Your analysis is based on Elliott wave analysis and shows that the NZD/USD rate is completing a downward wave and will start an upward wave in the future. We predict that the NZD/USD rate will reach 0.6400 on December 20, 2023.
• The institutional bank Westpac predicts that the NZD/USD rate will reach 0.58 in December 2022, 0.65 in December 2023 and 0.66 in June 2024.

These are just some of the factors that may affect the exchange rate of the New Zealand dollar and the American dollar and there may be other factors as well. Therefore, Our prediction may be correct or incorrect and should be examined with caution. THIS IS NOT AN ADVICE FOR REAL TRADING.