Currency pair New Zealand Dollar to US Dollar NZD/USD finished the trading month at the level of 0.7426. 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. The NZD/USD pair is expected to fall to the level of 0.7260, from which one should expect an attempt of growth and further development of the bullish trend for the pair NZD/USD with the target of growth near the level of 0.7830.
New Zealand Dollar forecast NZD/USD for August 2017
Earlier, a medium strength signal was received for buying of the pair New Zealand Dollar of US Dollar, due to crossing of the signal lines at the level of 0.7098. 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 quotations below the area of 0.6940, 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 0.7700.