Technical analysis and FOREX forecast NZD/USD

news_22_feb_nzd_usd_1The NZDUSD is trading at 0.6858, above the Ichimoku cloud, which means there’s an uptrend forming. We are expecting a test of the upper cloud boundary at 0.6835, and then a downward pullback to 0.6940, which may be confirmed with the price bouncing off the support area.

The rise may be prevented in case price breaks out the lower boundary and closes below 0.6800, which will be a signal for a further fall to 0.6720.

NZDUSD

Orgin: RoboForex

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