NZDUSD is trading at 0.6789; 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 0.6780 and then continue moving upwards to reach 0.6835.
However, the scenario that implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6760. In this case, the pair may continue falling towards 0.6735. After breaking the upside border of the Triangle pattern and fixing above 0.6855, the price may continue moving upwards.
Orgin: RoboForex
