Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7337. 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. Ichimoku Kinko Hyo indicator area signal line test near the level of 0.7305 is expected, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 0.7480.
New Zealand Dollar forecast NZD/USD on September 22, 2017
Earlier, a medium strength signal was received for buying of the New Zealand Dollar pair of the US dollar, due to the crossing of the signal lines at the level of 0.7260. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.7230, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the local maximum area at the level of 0.7400.