NZDUSD, “New Zealand Dollar vs US Dollar”
NZDUSD is pushing off the lower boundary of the bullish channel. The instrument is going below the Ichimoku Cloud, revealing a downtrend. A test of the upper boundary of the Cloud at 0.6010 is expected, followed by a decline towards 0.5865. The decrease could be additionally confirmed by a rebound from the upper boundary of the bearish channel. The scenario could be cancelled by a breakout of the upper boundary of the Cloud with the price establishing itself above 0.6065, which will mean a further rise targeting 0.6155. Meanwhile, the scenario could be confirmed by a breakout of the lower boundary of the bullish channel with the price securing under 0.5950.
Origin: RoboForex
