Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7467. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair New Zealand Dollar US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7450, from which one should expect an attempt of growth and development of the bullish trend for the NZD/USD pair with the aim of growth near the level of 0.7600.
New Zealand Dollar forecast NZD/USD on August 2, 2017
Earlier, a strong signal was received for buying of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7324. An additional signal in favor of an bullish trend is the support area test. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7410, 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 0.7580.
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