Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7260. 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 0.7250 level, from which it is expected to attempt a rebound and further growth with a target near the level of 0.7345.
New Zealand Dollar forecast NZD/USD on March 12, 2018
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, we received a weak signal for purchases of the pair New Zealand Dollar/US dollar, due to the crossing of signal lines at the level of 0.7245.
The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7225, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above the level of 0.7315.
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