The Currency pair New Zealand Dollar to US dollar NZD/USD is trading at 0.70548. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the New Zealand Dollar. It is expected to test the upper limit of the Ichimoku Cloud near the level of 0.7030, from which one should expect an attempt of growth and development of the bullish trend for this pair with the aim of increasing the level of 0.7120, however there is no confirmation in the form of intersection of signal lines in favor of purchases.
Ichimoku Kinko Hyo forecast NZD/USD on March 28, 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 0.7050. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 0.6970, which will indicate a change in the upward trend in favor of the downward trend, where one can consider the sale of the pair. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the local maximum area at the level of 0.7070.
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