Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7069. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar/US Dollar. Ichimoku Kinko Hyo indicator area signal line test near the level of 0.7105 is expected, from which it is expected to try to fall and further develop the bearish trend with the target near the level of 0.6990. An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel.
New Zealand Dollar forecast NZD/USD on October 12, 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 the level of 0.7350. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7160, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes NZD/USD is with a breakdown of the level of 0.7045.