Currency pair New Zealand Dollar to US Dollar NZD/USD completes trading week near the level of 0.7093. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7105, from which it is expected to attempt a rebound and further fall with a target near the level of 0.6900.
Analysis & forecast NZD/USD on January 1 — 5, 2018
Earlier, we received a weak signal for buy of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at 0.6880. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7170, which will indicate a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 0.6845.
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