Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7298. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair New Zealand Dollar to US Dollar. The NZD/USD pair is expected to fall near the level of 0.7270, from which one should expect an attempt of growth and further development of the bullish trend for the pair NZD/USD with the aim of growth near the level of 0.7380.
New Zealand Dollar forecast NZD/USD on June 28, 2017
Earlier, a medium strength signal was received for buying of the New Zealand Dollar to 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 a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7220, 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 0.7350.
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