Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6868. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.6890 is expected, from which it is expected to attempt a rebound and further development of the bearish trend with a target near the level of 0.6730.
New Zealand Dollar forecast NZD/USD on November 1, 2017
Earlier, we received a weak signal for the sell of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7140. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7025, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD is with a breakdown of the level of 0.6805.