Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6921. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the New Zealand Dollar/US Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.6925 is expected to test the upper boundary of the Cloud, from which one should expect a rebound attempt and further fall with the target near the level of 0.6780.
New Zealand Dollar forecast NZD/USD on November 8, 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’s quotations 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, indicating a change in the flat trend in favor of the bullish. 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
