Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6793. The pair continues below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar/US Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.6830 is expected, from which it is expected to attempt a rebound and further fall with a target near the level of 0.6710.
New Zealand Dollar forecast NZD/USD on November 20, 2017
Earlier, a weak signal was received for the sell of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at 0.6930. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.6930, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes NZD/USD stands with a breakdown of 0.6760.