Currency pair New Zealand Dollar to US Dollar NZD/USD is closing the trading week near the level of 0.7283. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair New Zealand Dollar US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7195 is expected, from which it is expected to attempt a rebound and further growth with the target near the level of 0.7540.
Analysis & forecast NZD/USD on January 22 — 26, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. 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 quotations of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7010, 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 0.7350.
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