Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7279. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar to US Dollar. NZD/USD is expected to rise to the level of 0.7330, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 0.7170.
New Zealand Dollar forecast NZD/USD for August 11, 2017
Earlier, a weak signal was received for the sale of the pair New Zealand Dollar/US Dollar, due to the crossing of the signal lines at the level of 0.7488. 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 0.7440, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD stands with the breakdown of the local minimum area at the level of 0.7210.
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