Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.7008. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair NZD/USD. It is expected to test the area of signal lines near the level of 0.6970, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 0.7070.
Analysis & FOREX forecast NZD/USD on May 25, 2017
Earlier, a weak signal was received for buy of the New Zealand Dollar to US Dollar NZD/USD, due to the crossing of the signal lines at the level of 0.6882. 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 quotations below the area of 0.6920, which will indicate a shift 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 0.7050.