The Currency pair New Zealand dollar US dollar NZD/USD finished the trading week at the level of 0.70251. The pair continues to trade below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the New Zealand Dollar dollar pair. The test of the local maximum area near the level of 0.7090 is expected, from which one should expect an attempt to fall and develop a bearish trend for this pair with the aim of dropping the level of 0.6870.
Ichimoku forecast NZD/USD on March 27 — 31, 2017
Earlier, a weak signal was received for the sale of the New Zealand Dollar pair of the US dollar, due to the intersection of the signal lines at the level of 0.7230. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 0.7150, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations NZD/USD stands with the breakdown of the local minimum area at 0.6980.
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