Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6913. 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 Ichimoku Kinko Hyo Cloud lower limit test is expected near 0.6915, from which it is expected to attempt a rebound and further develop the bearish trend with a target close to the level of 0.6750.
New Zealand Dollar forecast NZD/USD on November 2, 2017
Earlier, we received a weak signal for buy of the New Zealand Dollar/US Dollar, due to the crossing of the 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.
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