Currency pair New Zealand Dollar to US Dollar NZD/USD completes trading week near the level of 0.7389. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 0.7300 is expected, from which it is expected to attempt a rebound and further growth with the target near the level of 0.7580. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel.
Analysis & forecast NZD/USD on February 19 — 23, 2018
Earlier, a strong signal was received for buy of the New Zealand Dollar/US Dollar, due to the crossing of the signal lines at the level of 0.7290. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7090, 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 resistance level and closing above the area of 0.7450.
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