Currency pair New Zealand Dollar to US Dollar NZD/USD completes the trading week at 0.6924. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the New Zealand Dollar. Ichimoku Kinko Hyo Cloud near the level of 0.6980 is expected to test the lower boundary of the cloud, from which one should expect an attempt to fall and develop a bearish tendency for the pair New Zealand Dollar to US dollar NZD/USD with the target near the level 0.6780.
NZD/USD weekly forecast on May 22 — 26, 2017
Previously, a strong signal was received for the sale of the pair New Zealand Dollar to US dollar NZD/USD, due to the crossing of the signal lines at 0.6940. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7000, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations NZD/USD is with the breakdown of the local minimum area at 0.6830.
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