Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7168. 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 test of the upper limit of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 0.7150, from which one should expect an attempt of growth and further development of the bullish trend with the target near the level of 0.7295.
New Zealand Dollar forecast NZD/USD on October 19, 2017
Earlier, we received a weak signal for buy of the New Zealand Dollar/US dollar, due to the crossing of the signal lines at the level of 0.7085. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 0.7090, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations NZD/USD is with a breakdown of the level of 0.7210.
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