NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD has left the boundaries of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower boundary of the Cloud at 0.5985 is expected, followed by a rise to 0.6150. An additional signal confirming the rise will be a rebound from the upper boundary of the bearish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud with the price securing under 0.5955, which will mean a further decline to 0.5855.
Origin: RoboForex
