Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6883. The pair continues below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar/US Dollar pair. Ichimoku Kinko Hyo lower limit test is expected near the level of 0.6890, from which it is expected to attempt a rebound and further fall with a target near the level of 0.6770.
New Zealand Dollar forecast NZD/USD on November 16, 2017
Earlier, a weak signal was received for the sale of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at 0.6930. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.6970, 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 a breakdown of 0.6830.