NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is rising within a bullish channel. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 0.6005 is expected, followed by a rise to 0.6145. An additional signal confirming the rise could be a rebound from the lower boundary of the bullish channel. The scenario can be cancelled by a breakout of the lower boundary of the Cloud, with the price establishing itself below 0.5945, which will indicate a further decline to 0.5865. Meanwhile, the rise could be confirmed by a breakout of the upper boundary of the bearish channel, with the price securing above 0.6075.
Origin: RoboForex
