Currency pair New Zealand dollar to US dollar NZD/USD is trading at 0.6978. Quotations of the pair continue to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the New Zealand Dollar pair. It is expected to test the area of signal lines near the level of 0.6990, 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 0.6920.
Ichimoku NZD/USD Forecast on April 6, 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 the 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 0.7040, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotes NZD/USD stands with the breakdown of the local minimum area at 0.6960.
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