Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6885. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair New Zealand Dollar/US Dollar. The upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.6865, from which one should expect a rebound attempt and further fall with the target near the level of 0.6830. Earlier, a weak signal was received for buy of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.6830.
New Zealand Dollar forecast NZD/USD on November 24, 2017
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 quotations above the area of 0.6915, which will indicate a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes NZD/USD stands with the breakdown of the lower boundary of the indicator Cloud and the closing below the level of 0.6820.
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