Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6897. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near 0.6920, from which it is expected to attempt a rebound and further fall with a target near the level of 0.6740.
New Zealand Dollar forecast NZD/USD on November 9, 2017
Earlier, a medium strength signal was received for the sell of the New Zealand Dollar/US Dollar pair, due to the crossing of the signal lines at 0.6915. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.6970, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes NZD/USD stands with the breakdown of the lower boundary of the indicator cloud with a close below 0.6860.
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