NZD/USD Forecast. Ichimoku Cloud Analysis

news_22_feb_nzd_usd_2NZDUSD is trading at 0.6896; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the upside border of the cloud at 0.6885 and then resume moving upwards to reach 0.7020. Another signal to confirm further ascending movement is the price’s rebounding from the support level.

However, the scenario that Implies further growth may be cancelled if the price breaks the downside border of the cloud and fixes below 0.6835. In this case, the pair may continue falling towards 0.6735.

NZDUSD

Orgin: RoboForex

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