NZD/USD Forecast. Ichimoku Cloud Analysis 30.12.2019

news_22_feb_nzd_usd_2NZDUSD is trading at 0.6712; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 0.6650 and then resume moving upwards to reach 0.6785. Another signal to confirm further ascending movement is the price’s rebounding from the rising channel’s downside border.

However, the scenario that implies further growth may be canceled if the price breaks the cloud’s downside border and fixes below 0.6575. In this case, the pair may continue falling towards 0.6500.

NZDUSD

Orgin: RoboForex

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