Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7370. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair New Zealand Dollar/US Dollar. The pair NZD/USD is expected to fall to the level of 0.7330, from which it is expected to try to grow and develop the bullish trend for the pair NZD/USD with the target of growth near the level of 0.7440.
New Zealand Dollar forecast NZD/USD on July 20, 2017
Earlier, a strong signal was received for purchases of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7324. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.7270, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the local maximum area at the level of 0.7400.
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