The NZDUSD is trading at 0.6821, below the Ichimoku cloud, which means there’s a downtrend forming.
We are expecting a test of the lower cloud boundary at 0.6830, and then a downward pullback to 0.6745, 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 0.6985.
Orgin: RoboForex
