Currency pair NZD/USD New Zealand Dollar US Dollar is trading at 0.6668. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an upward trend for the pair New Zealand Dollar/US Dollar. The test of the Ichimoku Kinko Hyo signal line region is expected near the level of 0.6645, from where we can expect an attempt to rebound and further growth of the NZD/USD pair with a target near the level of 0.6770.
NZD/USD forecast New Zealand Dollar November 6, 2018
An additional signal in favor of the growth of the pair NZD/USD will be a rebound from the support area, as well as a test of the lower boundary of the upward channel. Earlier, a weak signal was received for BUY the New Zealand Dollar, due to the intersection of signal lines at the level of 0.6515.
Cancellation of the option of falling quotations of the pair NZD/USD will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 0.6555 area. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the pair. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the resistance area and closing above the level of 0.6705.
NZD/USD forecast New Zealand Dollar November 6, 2018 implies an attempt to test the support level near 0.6645, from which one can expect continued growth of the currency pair with a potential target near 0.6770. Cancellation of the growth of the pair will be a breakdown of the area of 0.6555, which will indicate the continuation of the fall.