Currency pair New Zealand Dollar to US Dollar NZD/USD is closing the trading week near the level of 0.7325. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.7360 is expected to test the lower boundary, from which one should expect an attempt to fall and further develop the bearish trend in order to decrease near the level of 0.7080.
Analysis & forecast NZD/USD on September 25 — 29, 2017
Earlier, we received a weak signal for buying of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7250. 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 0.7400, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes NZD/USD is with the breakdown of the support area and closing below the level of 0.7020.
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