Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7422. 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 0.7395 is expected, from which one should expect a rebound attempt and further growth with the target near the level of 0.7495. An additional signal in favor of the growth of the pair will test the level of support.
New Zealand Dollar forecast NZD/USD on February 19, 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 quotations below the area of 0.7260, 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 0.7440.
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