Currency pair New Zealand Dollar to US Dollar NZD/USD completes trading week at 0.7047. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the New Zealand Dollar Dollar. Ichimoku Kinko Hyo cloud upper limit test is expected near the level of 0.7060, from which it is expected to test the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 0.6960.
NZD/USD prediction on May 29, 2017 — June 2, 2017
Earlier, we received a weak signal for buy of the pair New Zealand Dollar to US dollar, due to the intersection of the signal lines at the level of 0.6934. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotes above the level of 0.7120, in the case of breaking the lower boundary of the Cloud, Ichimoku Kinko Hyo should expect the continuation of the bearish trend in NZD/USD.