The NZD/USD pair is trading at 0.7310; the instrument is still moving inside Ichimoku Cloud, which means that it is moving sideways. We should expect the price to test the downside border of the cloud at 0.7305 and then continue moving upwards to reach 0.7445. Another signal to confirm further ascending movement is the price’s rebounding from the support level.
However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.7260. In this case, the pair may continue falling towards 0.7155. After breaking 0.7360, the pair may resume growing.
Orgin: RoboForex
