Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7231. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar/US Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7270 is expected, from which it is expected to attempt a rebound and further fall with a target near the level of 0.7125. An additional signal in favor of the pair’s decline is the resistance level test.
New Zealand Dollar forecast NZD/USD on March 1, 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 upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7360, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the growth of quotations NZD/USD is with the breakdown of the support area and closing below the level of 0.7155.
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