The currency pair New Zealand dollar to US dollar NZD/USD is trading at 0.7021. The pair continues to trade inside the Ichimoku Cloud, which indicates the presence of a lateral trend for the New Zealand Dollar pair. It is expected to test the upper boundary of the Iсhimoku Cloud near the level of 0.7030 and the drop in quotations to the area near the level of 0.6970, from which one should expect an attempt to fall and develop a bearish trend for this pair in order to reduce the level of 0.6960.
Ichimoku Kinko Hyo forecast NZD/USD on March 31, 2017
Earlier, a medium strength signal was received for the sale of the New Zealand Dollar pair of the US dollar, due to the crossing of the signal lines at the level of 0.7030, but it is worth trying only to try the sales with the breakdown of the lower boundary of the Cloud. Cancellation of the fall option will be a breakdown of the upper boundary of the Iсhimoku Cloud with the closing of quotations above the area of 0.7065, indicating a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in quotations NZD/USD stands with the breakdown of the local minimum area at the level of 0.7000.
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