The NZD/USD is trading at 0.6609, inside the Ichimoku cloud, which means the pair is trading sideways. We expect a test of the lower cloud boundary at 0.6595, and then an upward pullback to 0.6710, which may be confirmed with the price bouncing off the support area.
This rise may be prevented in case price breaks out the lower boundary and closes below 0.6580, which will be a signal for a further fall to 0.6525. Conversely, the rise will be confirmed once the top boundary of the cloud gets broken out and the price closes above 0.6675.
Orgin: RoboForex
