Currency pair New Zealand Dollar to US Dollar NZD/USD finished the trading month at the level of 0.7142. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the New Zealand Dollar to US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.7200 level, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 0.6920.
New Zealand Dollar (NZD/USD) forecast June 2017
Earlier, a medium strength signal was received for the sale of the currency pair NZD/USD, due to the crossing of the signal lines at the level of 0.7141. To consider the sale is worthwhile with the breaking of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotations below the level of 1.6780, in case of breaking the upper boundary of the Cloud Ichimoku Kinko Hyo it is necessary to expect the continuation of the upward trend development according to NZD/USD.
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