Currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.6886. The pair is trading within the Ichimoku Kinko Hyo Cloud, indicating a sideways trend for the New Zealand Dollar to US Dollar NZD/USD. The pair is expected to exit the Ichimoku Kinko Hyo Cloud near 0.6910, followed by the Ichimoku Kinko Hyo Cloud’s upper boundary test near the level 0.6890, from which it is expected to try to grow and develop a bullish trend for the pair to rise near 0.6980.
NZD/USD forecast & analysis on May 22, 2017
Earlier, a weak signal was received for buy of the currency pair New Zealand Dollar to US Dollar NZD/USD, due to the crodding of the signal lines at the level of 0.6882. The cancellation of the growth of the quotations of the pair NZD/USD will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 0.6860, which will indicate a change 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 0.6960.