Currency pair New Zealand Dollar to US dollar NZD/USD is trading at 0.7319. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar to US Dollar. NZD/USD is expected to rise to the level of 0.7370, from which it is expected to try to fall and further develop the bearish trend with a target to lower near the level of 0.7200.
Analysis & Forex forecast NZD/USD on August 9, 2017
Earlier, a weak signal was received for the sale of the pair New Zealand Dollar/US Dollar, due to the crossing of the signal lines at the level of 0.7488. 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 0.7480, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD stands with the breakdown of the local minimum area at the level of 0.7240.
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