Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.6894. The pair broke through Ichimoku Cloud and began to trade below its lower limit, indicating a downward trend in the New Zealand Dollar. The test of the lower boundary of the Ichimoku Cloud near the level of 0.6910 is expected, from which it is expected to attempt a fall and develop a bearish trend for a pair with a view to lower near the level of 0.6820.
Ichimoku Kinko Hyo NZD/USD prediction on May 10, 2017
Earlier, a medium strength signal was received for purchases of the New Zealand Dollar pair of the US dollar, due to crossing of the signal lines at the level of 0.6904. 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 0.6930, 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 0.6840.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
