Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6910. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.6890, from which one should expect a rebound attempt and further growth with the target near the level of 0.6760.
New Zealand Dollar forecast NZD/USD on November 3, 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 growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.6845, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the upper boundary of the indicator cloud with a close above the level of 0.6990.
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