Currency pair New Zealand Dollar to US Dollar NZD/USD completes trading week at 0.7082. The pair broke through the Ichimoku cloud and began to trade above its upper limit, indicating an bullish trend in the pair New Zealand Dollar/US Dollar. Ichimoku Kinko Hyo cloud near the level of 0.7050 is expected to be tested, from which it is expected to try to grow and develop the bullish trend for the pair NZD/USD near the level of 0.7250.
NZD/USD weekly forecast June 5 — 9, 2017
Earlier, we received a weak signal for buying of the pair New Zealand Dollar to US dollar, due to the crossing of the signal lines at the level of 0.6934. 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 0.7200.
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