Currency pair New Zealand Dollar to US dollar NZD/USD is trading at 0.6948. The pair is trading inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend in the New Zealand Dollar pair. The pair is expected to exit the Ichimoku Cloud near the 0.6960 level, then the test of the lower boundary of the Ichimoku Kinko Hyo Cloud at 0.6945 will be followed, from which one should expect an attempt of growth and development of a bullish trend for the pair with a target of growth near the level of 0.7030.
Ichimoku Kinko Hyo prediction NZD/USD on May 11, 2017
Earlier, a medium strength signal was received for purchases of the New Zealand Dollar pair of the US dollar, due to the intersection of the signal lines at the level of 0.6904. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.6880, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the local maximum area at the level of 0.7000.
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