NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD has established itself below the support level. The pair is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Cloud’s lower boundary at 0.5975 is expected, followed by a decline to 0.5860. An additional signal confirming the decline might be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the upper boundary of the Cloud, with the price finding a foothold above 0.6045, indicating a further rise to 0.6135.
Origin: RoboForex
