Friday, November 16, 2012

New Zealand Dollar (Nzd) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Nzd is likely to buy:
Currencycurrent_valueminimummaximum
Nzd/Usd0.72290.70160.7383
Nzd/Aud0.81890.81400.8174
Nzd/Chf0.76230.69810.8113
Nzd/Inr33.745031.957435.1459
Nzd/Cny4.89914.61065.1127
Nzd/Jpy63.886358.231468.0741
Nzd/Brl1.27221.17991.3424
Nzd/Gbp0.47360.46910.4756
Nzd/Cad0.74580.71140.7739
Nzd/Zar5.44445.15475.7149
Nzd/Eur0.56660.56000.5708

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.



Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts
The New Zealand Dollar is currently slightly overvalued.
Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/new-zealand-dollar-nzd-monthly-forecast.html

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