NZD/USD Forecast. Ichimoku Cloud Analysis

news_22_feb_nzd_usd_2NZDUSD is trading at 0.6939; the instrument is moving below Ichimoku Cloud, which means that it may continue falling. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6975 and then continue moving downwards to reach 0.6845. Another signal to confirm further descending movement is the price’s rebounding from the resistance level.

However, the scenario that implies further decline may be cancelled if the price breaks the upside border of the cloud and fixes above 0.7025.

NZDUSD

Orgin: RoboForex

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