Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7059. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an upward trend in the pair New Zealand Dollar US Dollar. The currency pair NZD/USD is expected to fall near the level of 0.7030, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 0.7120.
Forex technical analysis NZD/USD on May 31, 2017
Earlier, a weak signal was received for buying of the New Zealand Dollar to US Dollar, due to the crossing of the signal lines at the level of 0.6882. The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.6960, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the local maximum area at the level of 0.7100.
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