Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7263. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in the pair New Zealand Dollar/US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7250, from which it is expected to attempt a rebound and further growth with the target near the level of 0.7370.
New Zealand Dollar forecast NZD/USD on March 29, 2018
An additional signal in favor of the growth of the pair will test the support area. Earlier, we received a weak signal for buy of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7205.
The cancellation of the growth of the quotes 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 0.7200, 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 upper boundary of the bearish channel and the closing above the level of 0.7330.