Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7198. 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 0.7250 is expected, from which it is expected to attempt a rebound and further fall with a target near the level of 0.7115. An additional signal in favor of reducing the pair will be the test of the upper boundary of the bearish channel.
New Zealand Dollar forecast NZD/USD on March 2, 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 upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7320, 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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