The currency pair Australian dollar New Zealand Dollar AUD/NZD is trading at 1.0873. The pair is trading below the Ichimoku Cloud boundary, indicating a downward trend in the pair Australian Dollar New Zealand Dollar. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 1.0900, from which one should expect an attempt to fall and develop a bearish trend for this pair with a view to lower near the level of 1.0800.
Ichimoku Kinko Hyo forecast AUD/NZD on March 23, 2017
Earlier, a weak signal was received for the sale of the Australian Dollar New Zealand Dollar pair, due to the intersection of the signal lines at the level of 1.0950. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 1.0960, which will indicate a change in the downward trend in favor of the upward trend. Expect the acceleration of the fall in quotations AUD/NZD stands with the breakdown of the local minimum area at the level of 1.0855.
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