Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7040. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 0.7090 is expected, from which it is expected to attempt a rebound and further develop the bearish trend with a target near the level of 0.6950.
New Zealand Dollar forecast NZD/USD on October 20, 2017
Earlier, we received a weak signal for the sell of the pair New Zealand Dollar US Dollar, due to the crossing of signal lines at the level of 0.7140. 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 quotes above the area of 0.7160, 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 0.7020.
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