The currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7001. The pair broke through the Ichimoku Cloud and began to trade above its upper limit, which indicates a change in the trend in favor of the New Zealand Dollar ascending in the pair. It is expected to test the upper limit of the Ichimoku Cloud near the level of 0.6990, from which one should expect an attempt of growth and development of the bull tendency on the pair with the purpose of growth near the level of 0.7035.
Ichimoku Kinko Hyo NZD/USD forecast on April 14, 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. 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 0.6930, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the local maximum area at the level of 0.7010.
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