The NZD/USD is trading at 0.6645, above the Ichimoku cloud, which means there’s an uptrend forming. We expect a test of the signal lines at 0.6610, and then a rise to 0.6695, which will be confirmed with the price bouncing off the lower boundary of the channel.
This rise may be prevented in case price breaks out the lower boundary and closes below 0.6545, which will be a signal for a further fall to 0.6450.
Orgin: RoboForex
