Currency pair New Zealand Dollar to US Dollar NZD/USD is closing the trading week near the level of 0.7235. 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 lower limit test is expected near the level of 0.7200, from which it is expected to attempt a rebound and further growth of the pair with a target near the level of 0.7505.
Analysis & forecast NZD/USD April 2 — 6, 2018
An additional signal in favor of the growth of the pair will be a test of the support area. Earlier, a weak signal was received for the sell of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7295.
The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7100, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above the area of 0.7320.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
