Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7246. 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 Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.7270 level, from which it is expected to attempt a rebound and further fall with a target near the level of 0.7140.
New Zealand Dollar forecast NZD/USD on March 21, 2018
An additional signal in favor of the fall of the pair is the resistance level test. 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 0.7310.
The cancellation of the fall 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 fall in quotes NZD/USD is with the breakdown of the support area and closing below the level of 0.7190.
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