NZDUSD is trading at 0.6900; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test the downside border of the cloud at 0.6910 and then continue moving downwards to reach 0.6810. Another signal to confirm further descending movement is the price’s rebounding from the resistance level.
However, the scenario that implies further growth may be cancelled if the price breaks the upside border of the Triangle pattern and fixes above 0.6980.
Orgin: RoboForex
