NZD/USD Forecast. Forex Technical Analysis

nzd_3_newsThe NZD/USD pair is trading at 0.6882; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the upside border of the cloud at 0.6885 and then continue moving downwards to reach 0.6835.

However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.6895. In this case, the pair may continue growing towards 0.7010. After breaking the downside border of the cloud and fixing below 0.6820, the price may resume falling.

NZDUSD

Orgin: RoboForex

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