Currency pair New Zealand to US Dollar NZD/USD is trading at 0.7142. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the currency pair New Zealand Dollar/US Dollar. It is expected to test the area of signal lines near the level of 0.7100, from which one should expect an attempt of growth and development of a bullish tendency for a pair with the target of growth near the level of 0.7210.
NZD/USD forex forecast June 5, 2017
Earlier, a strong signal was received for buying of the pair New Zealand to US Dollar NZD/USD, due to the crossing of signal lines at the level of 0.7080. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.7040, 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 0.7180.
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