Currency pair New Zealand Dollar to US Dollar NZD/USD completes trading week near the level of 0.7257. 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 0.7295 is expected, from which it is expected to attempt a rebound and further growth with the target near the level of 0.7590.
Analysis & forecast NZD/USD on January 29 — February 2, 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 resistance level and closing above the area of 0.7460.
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