Currency pair New Zealand Dollar to US Dollar NZD/USD is closing the trading week near the level of 0.9841. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair New Zealand Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7210 is expected, from which one should expect an attempt to fall and further develop the bearish trend with the target of reducing near the level of 0.6790.
Analysis & forecast NZD/USD on October 23 — 27, 2017
Earlier, a strong 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 0.7280. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes 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 quotations NZD/USD is with the breakdown of the level of 0.6900.
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