Technical analysis and FOREX forecast NZD/USD

nzd_2_newsThe NZDUSD is trading at 0.6888, above the Ichimoku cloud, which means there’s an uptrend forming. We are expecting a test of the signal lines at 0.6865, and then a fall to 0.6975, which will be confirmed with the price bouncing off the lower boundary of the ascending channel.

The rise may be prevented in case price breaks out the lower boundary and closes below 0.6795, which will be a signal for a further fall to 0.6665.

NZDUSD

Orgin: RoboForex

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