The currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.6920. The pair is trading inside the Ichimoku Cloud, which indicates the presence of a lateral trend in the New Zealand Dollar pair. It is expected to test the upper boundary of the Iсhimoku Cloud near the level of 0.6950, from which it is expected to test the lower boundary of the Iсhimoku Cloud near the level of 0.6920.
Ichimoku Kinko Hyo NZD/USD Forecast on May 9, 2017
Previously, a strong signal was received for the sale of the New Zealand Dollar pair of the US dollar, due to the intersection of the signal lines at the level of 0.6909. To consider the sale costs with the penetration of the lower boundary of the Ichimoku Cloud and the closing of quotations below the level of 0.6870, in case of breaking through the upper boundary of the Ichimoku Cloud, one should expect the continuation of the upward trend development according to NZD/USD.
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