The NZDUSD is trading at 0.6833, below the Ichimoku cloud, which means there’s a downtrend forming. We expect a test of the signal lines at 0.6845, and then a fall to 0.6795, which may be confirmed with the price bouncing off the resistance area.
This fall may be prevented in case price breaks out the upper boundary and closes above 0.6865, which will be a signal for a further rise to 0.6925.
Orgin: RoboForex
