Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7076. 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. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.7040, from which one should expect an attempt of growth and development of a bullish tendency for a pair with a target of growth near the level of 0.7140.
NZD/USD forecast New Zealand Dollar on June 2, 2017
Earlier, a weak signal was received for buying of the currency pair NZD/USD, due to the crossing of the signal lines at the level of 0.6882. 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 quotations below the area of 0.6980, 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 0.7120.
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