Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.6893. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the pair New Zealand Dollar to US Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.6900 is expected to test the lower boundary of the Cloud, from which one should expect a fall attempt and the development of a bearish tendency for a pair with the aim of lowering near the level of 0.6830.
Ichimoku Kinko Hyo forecast NZD/USD on May 17, 2017
Earlier, a strong signal was received for the sale of the pair New Zealand Dollar to US Dollar, due to the crossing of the signal lines at 0.6882. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.6910, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD the breakdown of the local minimum area at 0.6840.
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