Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7195. 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. The test of the lower boundary of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 0.7220, from which one should expect an attempt to fall and further develop the bearish trend with the target near the level of 0.7060.
New Zealand Dollar forecast NZD/USD on October 4, 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. The 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 0.7305, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD is worth a breakdown of the area of 0.7150.