The currency pair Pound New Zealand Dollar GBP/NZD is trading at 1.7741. The pair is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair Pound New Zealand Dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.7670, from which one should expect an attempt of growth and development of the bullish trend for this pair with the purpose of increasing the level of 1.7870.
Ichimoku Kinko Hyo forecast GBP/NZD on March 23, 2017
Earlier, a strong signal was received to buy a pair of Pound New Zealand Dollar, due to the intersection of signal lines at 1.7590. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 1.7590, which will indicate a shift in the upward trend in favor of a downward trend. Expect the acceleration of the growth of quotations GBP/NZD is with the breakdown of the local maximum area at 1.7760.
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