Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7036. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an upward trend in the pair New Zealand Dollar US Dollar. The NZD/USD pair is expected to fall near the level of 0.7000, from which it is expected to try to grow and develop a bullish trend for the pair with a target of growth near the level of 0.7100.
NZD/USD prediction & signals on May 24, 2017
Earlier, a weak signal was received for purchases of the New Zealand Dollar to US Dollar 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 quotes below the area of 0.6900, 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 0.7080.
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