Forecasts for NZD/USD by BTMU: breakdown in December with 0.60/0.59 as the next target

NZD/USD is on bearish market condition for ranging between 0.6751 key resistance level and 0.6084 key support level. Ichimoku cloud with the 'reversal' Senkou Span A and Senkou Span B lines are located far above the price which makes the bullish reversal of the price movement to be impossible for for 2015 and for the first half of 2016.

Bank of Tokyo-Mitsubishi UFJ made a forecast for this pair up to June 2016. And according to this forecast - the price will start to break 0.6084 key support level in December this year for bearish breakdown with 0.60/0.59 as the next bearish target.