NZDUSD is trading at 0.7012; the instrument is moving inside Ichimoku Cloud, which means that it is moving sideways. The markets could indicate that the price may test the downside border of the cloud at 0.6975 and then continue moving upwards to reach 0.7070.
However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6960. After breaking the cloud’s upside border and fixing above 0.7045, the price may continue moving upwards.
Orgin: RoboForex
