New Zealand Dollar forecast NZD/USD on October 25, 2017


Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6963. 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 0.7000 is expected, from which it is expected to attempt a rebound and further develop the bearish trend with the target near the level of 0.6870.

New Zealand Dollar forecast NZD/USD on October 25, 2017

New Zealand Dollar forecast NZD/USD on October 25, 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. The 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 ​​0.7070, which indicates the change of 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 0.6940.


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