The currency pair New Zealand dollar to US Dollar NZD/USD completes the trading week at 0.6861. The pair is trading below the lower limit of the Ichimoku Cloud, indicating a downward trend in the New Zealand Dollar. It is expected to test the area of signal lines near the level of 0.7000, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 0.6720.
Ichimoku Kinko Hyo NZD/USD Forecast May 1 — 5, 2017
Earlier, a weak signal was received for the sale of the New Zealand Dollar pair of the US dollar, due to the intersection of the signal lines at the level of 0.7218. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 0.7120, which indicates a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotes NZD/USD stands with the breakdown of the local minimum area at 0.6800.
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