Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7055. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in the pair New Zealand Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7015 is expected, from which one should expect a rebound attempt and further growth with the target near the level of 0.7135.
New Zealand Dollar forecast NZD/USD on December 29, 2017
Earlier, a strong signal was received for buy of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.6990. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.6965, 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 worth a breakdown of the area of 0.7085.
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