Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7287. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 0.7260 is expected, from which it is expected to attempt a rebound and further growth with the target near the level of 0.7390.
New Zealand Dollar forecast NZD/USD on March 9, 2018
An additional signal in favor of the growth of the pair will test the level of support. Earlier, we received a weak signal for buy 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 a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7225, which will indicate a change in the flat 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.
