Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7229. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the pair New Zealand Dollar to US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7190, from which one should expect an attempt of growth and development of the bull tendency on the pair with the target of growth near the level of 0.7300.
New Zealand Dollar forecast NZD/USD on June 16, 2017
Earlier, a strong signal was received to buying a pair of New Zealand Dollar to US dollar, due to the crossing of signal lines at the level of 0.7196. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7160, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the local maximum area at the level of 0.7270.
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