Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6960. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in the pair New Zealand Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.6930 is expected, from which it is expected to attempt a rebound and further growth with the target near the level of 0.7055.
New Zealand Dollar forecast NZD/USD on November 13, 2017
Earlier, a medium strength signal was received for buy of the New Zealand Dollar/US dollar, due to the crossing of the signal lines at 0.6915. 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 quotes below the area of 0.6865, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with a breakdown of the level of 0.6970.