Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7320. 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 0.7310, from which it is expected to attempt a rebound and further growth with a target near the level of 0.7505. An additional signal in favor of the growth of the pair will test the level of support.
New Zealand Dollar forecast NZD/USD on January 31, 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 pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7255, 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 level of 0.7455.
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