Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7317. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud lower 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 0.7375 level. An additional signal in favor of the growth of the pair will be a test of the support level, as well as a test of the lower boundary of the bullish channel.
New Zealand Dollar forecast NZD/USD on February 23, 2018
Earlier, a weak signal was received for the sell of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7355. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7267, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 0.7380.
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