Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7093. 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 Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7025, from which one should expect a rebound attempt and further growth with the target near the level of 0.7185.
New Zealand Dollar forecast NZD/USD on January 2, 2018
An additional signal in favor of growth of quotations of the pair will be a test of the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.6990. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.6985, 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 the breakdown of the area 0.7140.