Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7240. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar/US Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7260 is expected, from which it is expected to attempt a rebound and further fall with the target near the level of 0.7120. An additional signal in favor of the growth of the pair is the resistance level test.
New Zealand Dollar forecast NZD/USD on February 12, 2018
Earlier, a medium strength signal was received for the sell of the New Zealand Dollar/US Dollar pair, due to the crossing of the signal lines at the level of 0.7355. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7355, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes NZD/USD is with the breakdown of the support area and closing below the level of 0.7170.
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