The currency pair New Zealand dollar to US dollar NZD/USD is trading at 0.7002. Quotations for the pair entered the Ichimoku Cloud area and continued to haggle inside, indicating a sideways trend for the New Zealand Dollar. A drop in quotations is expected near the level of 0.6970, with a further test of the lower boundary of the Ichimoku Cloud near the level of 0.6990, from which one should expect an attempt to fall and develop a bearish trend for this pair in order to increase the level of 0.6900.
Ichimoku Forecast NZD/USD on March 30, 2017
Earlier, a medium strength signal was received for the sale of the New Zealand Dollar pair of the US dollar, due to the intersection of signal lines at the level of 0.7030. 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 0.7050, which indicates a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations NZD/USD is with the breakdown of the local minimum area at the level of 0.6990.
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