Currency pair Australian Dollar to New Zealand Dollar AUD/NZD is trading at 1.0525. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Australian Dollar/New Zealand Dollar pair. It is expected to test the area of signal lines near the level of 1.0590, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to reducing the level of 1.0460.
AUD/NZD forex forecast & analysis on May 30, 2017
Earlier, a weak signal was received for the sale of the AUD/NZD pair, due to the crossing of the signal lines at the level of 1.0750. Cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 1.0700, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations AUD/NZD stands with the breakdown of the local minimum area at the level of 1.0490.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
