Currency pair New Zealand Dollar to US Dollar NZD/USD is closing the trading week near the level of 0.7235. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.7200, from which it is expected to attempt a rebound and further growth of the pair with a target near the level of 0.7505.
Analysis & forecast NZD/USD April 2 — 6, 2018
An additional signal in favor of the growth of the pair will be a test of the support area. Earlier, a weak signal was received for the sell of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7295.
The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7100, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above the area of 0.7320.