Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.7385. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is a bullish trend in the pair New Zealand Dollar/US Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.7320 is expected, from which it is expected to attempt a rebound and further growth with a target near the level of 0.7450.
NZD/USD forecast New Zealand Dollar April 13, 2018
An additional signal in favor of the growth of the pair will be a test of the support level, as well as a test of the lower boundary of the bullish channel. Earlier, a weak signal was received for buy of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7225.
The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.7245, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the upper boundary of the bullish channel and the closing above the level of 0.7425.