The currency pair New Zealand dollar to US dollar NZD/USD is trading at 0.6918. The pair continues to trade below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the New Zealand Dollar dollar pair. A test of the area of signal lines near the level of 0.6940 is expected, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 0.6875.
Ichimoku Kinko Hyo NZD/USD forecast on April 13, 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 0.6980, 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 0.6900.
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