Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6913. 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 upper limit test is expected near the level of 0.6975, from which it is expected to attempt a rebound and further fall with a target near the level of 0.6880.
New Zealand Dollar forecast NZD/USD on November 6, 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. Cancellation of the variant of falling quotations of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 0.7015, which indicates the change of the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD stands with the breakdown of the lower boundary of the indicator cloud with a close below 0.6850.
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