Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7253. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the New Zealand Dollar Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 0.7280, from which one should expect an attempt to drop and develop the bearish trend for the NZD/USD pair in order to decrease near the level of 0.7180.
NZD/USD forecast New Zealand Dollar on July 13, 2017
Earlier, a strong signal was received for the sale of the pair New Zealand Dollar to US Dollar, due to the crossing of signal lines at the level of 0.7276. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.7300, 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 local minimum area. At the level of 0.7210.
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