Currency pair New Zealand Dollar to US Dollar NZD/USD completes trading week near the level of 0.7172. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the pair New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.7120 level, from which it is expected to attempt a rebound and further growth with a target near the level of 0.7370.
Analysis & forecast NZD/USD on January 8 — 12, 2018
An additional signal in favor of the growth of the pair will test the level of support. 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 growth of the quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.6900, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations NZD/USD is with a breakdown of the level of 0.7210.