NZD/USD Forecast. Technical Analysis

nzd_3_newsNZDUSD is trading at 0.7382; the instrument is moving above Ichimoku Cloud, which means that it may continue growing. One should expect the price to test Tenkan-Sen and Kijun-Sen at 0.7345 and then continue moving upwards to reach 0.7470. 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 0.7240. In this case, the pair may continue falling towards 0.7185.

NZDUSD

Orgin: RoboForex

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