The currency pair New Zealand Dollar NZD/USD is trading at 0.7154. The pair continues to move below the Ichimoku Cloud, which indicates a continuation of the downward trend. At the moment, it was received a strong signal in favor of the fall of quotations.
Ichimoku Kinko Hyo forecast NZD/USD on February 22, 2017
The purpose of the fall is the area on the level below 0.7105. Cancellation option reduce New Zealand dollar quotations will sample the upper limit of the Ichimoku Cloud with closing prices above the level of 0.7265, which indicates the potential change of the trend in favor of growth. With the breakdown of the area of a local minimum we can expect acceleration of decrease in pair NZD/USD.
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