Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7264. 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. Ichimoku Kinko Hyo Cloud near the level of 0.7250 is expected to test the upper boundary of the Cloud, from which we can expect a growth and further development of the bullish trend for the pair NZD/USD with the aim of growth near the level of 0.7340.
New Zealand Dollar forecast NZD/USD on June 27, 2017
Earlier, a medium strength signal was received for buying of the New Zealand Dollar/US Dollar, due to the crossing of the signal lines at the level of 0.7242. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7210, which will indicate a change in 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 0.7320.
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