Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7236. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair New Zealand Dollar/US Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 0.7250, from which it is expected to attempt a rebound and further fall with a target near the level of 0.7135.
NZD/USD forecast New Zealand Dollar for April 2, 2018
An additional signal in favor of the fall of the pair will be a test of the resistance area. Earlier, a medium-strength signal was received for the buy of a pair of New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7245.
The cancellation of the fall of the pair’s quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7260, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes NZD/USD stands with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 0.7180.
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