Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7267. 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 Ichimoku Kinko Hyo Cloud test is expected near the level of 0.7250, 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 0.7370.
New Zealand Dollar Forecast NZD/USD on June 29, 2017
Earlier, a medium strength signal was received for buying of the New Zealand Dollar to US Dollar pair, due to the crossing of the signal lines at the level of 0.7242. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7210, 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 0.7350.
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