Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6758 and continues to move as part of the correction. The pair is trading inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a flat trend for the New Zealand Dollar pair. As part of the NZD/USD FOREX forecast for April 18, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.6770. Where should we expect an attempt to rebound and further fall of the pair NZD/USD. The target of this movement is the area near the level of 0.6645.
New Zealand Dollar Forecast NZD/USD April 18, 2019
An additional signal in favor of the fall of the NZD/USD currency pair will be a rebound from the resistance area. The second signal will be a rebound from the upper boundary of the downward channel. Earlier, a weak signal was received for BUY the New Zealand Dollar/US Dollar pair. The signal was formed due to the intersection of signal lines at the level of 0.6735.
Cancellation of the option of falling quotations of the pair NZD/USD will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above 0.6815. This option will indicate a change in the lateral trend in favor of an upward trend and continued growth of the pair. Expect to accelerate the fall of quotations NZD/USD stands with the breakdown of the support area and closing below 0.6710.
New Zealand Dollar Forecast NZD/USD April 18, 2019 involves an attempt to test the resistance level near the level of 0.6770. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 0.6645. Cancel the option to reduce the pair will breakdown of the area of 0.6815. This will indicate that the pair will continue to grow in Forex with a target above the level of 0.6915.