Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7312. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.7300 level, from which it is expected to attempt a rebound and further growth with a target near the level of 0.7410. An additional signal in favor of the growth of the pair will be the test of the upper boundary of the bearish channel.
New Zealand Dollar forecast NZD/USD on February 15, 2018
Earlier, we received a weak signal for buy of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7255. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7240, 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 area and closing above the level of 0.7350.
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