Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6002 and continues to move as part of the fall and left the bullish channel. The pair is trading below the lower border of the Cloud indicator Ichimoku Kinko Hyo. This indicates a bearish trend for the New Zealand Dollar/US Dollar pair. Within NZD/USD, Forex forecast for September 15, 2022. A test of the lower border of the Ichimoku Kinko Hyo indicator Cloud is expected near the level of 0.6045. Where should we expect an attempt to rebound down and further fall of the NZD/USD pair. The purpose of such a movement in Forex is the area near the level of 0.5785.
New Zealand Dollar Forecast NZD/USD September 15, 2022
An additional signal in favor of a decrease in the NZD/USD currency pair will be a rebound from the resistance area on the price chart. The second signal will be a rebound from the lower border of the bullish channel, which was broken down. Earlier, a medium-strength signal was received for selling the New Zealand Dollar/US Dollar pair. The signal was formed due to the crossing of the signal lines at the level of 0.6065.
Cancellation of the option to reduce the quotes of the NZD/USD pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with closing quotes above the 0.6135 area. This option will indicate a bearish trend in favor of a bullish trend and continued growth of the pair. Expect an acceleration in the fall of NZD/USD quotes with a breakdown of the support area and closing below the level of 0.5935.
New Zealand Dollar Forecast NZD/USD September 15, 2022 suggests an attempt to test the resistance level near the level of 0.6045. Where should we expect the currency pair to continue falling with a potential target near the level of 0.5785. Cancellation of the option to reduce the pair will be a breakdown of the area of 0.6135. This will indicate the continued growth of the pair on Forex with the target above the level of 0.6245.