Currency pair New Zealand Dollar to US Dollar NZD/USD completes trading week at 0.7207. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the pair New Zealand to Dollar US Dollar. It is expected to test the area of signal lines near the level of 0.7090, where we can expect an attempt to grow and develop the bullish trend for the pair NZD/USD near the level of 0.7210.
NZD/USD weekly forecast June 12 — 16, 2017
Earlier, we received a weak signal for buying of the pair New Zealand Dollar/US Dollar, due to the crossing of the signal lines at the level of 0.6934. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.6970, 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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