Currency pair New Zealand Dollar US Dollar NZD/USD completes trading week at 0.7157. The pair broke through the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, indicating a bearish trend in the New Zealand Dollar . The pair is expected to rise to the level of 0.7210, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 0.6920.
NZD/USD weekly forecast on September 4 — 8, 2017
Earlier, a weak signal was received for the sale of the pair New Zealand Dollar/US Dollar, due to the crossing of signal lines at the level of 0.7380. An additional signal in favor of a bearish trend will be a resistance area test. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.7440, 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 0.6970.