Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7313. 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 0.7310 level, from which one should expect a rebound attempt and further growth with the target near the level of 0.7455. 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 28, 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 the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7290, which indicates a change in the flat 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 0.7385.
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