Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6806 and continues to move as part of the correction. The pair is trading inside the Ichimoku Kinko Hyo Cloud. This indicates a flat trend for the New Zealand Dollar pair. As part of the New Zealand Dollar Forecast NZD/USD March 1, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.6815. 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 0.6705.
New Zealand Dollar Forecast NZD/USD March 1, 2019
An additional signal in favor of the fall in the NZD/USD currency pair will be a rebound from the resistance area. Earlier, a medium strength signal was received for the SELL the New Zealand Dollar pair. The signal was formed due to the crossing of signal lines at the level of 0.6835.
Cancellation of the option to reduce quotes of the NZD/USD pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 0.6875 area. This option will indicate a change in the side trend in favor of an upward trend and continued growth of the pair. Expect to accelerate the fall in quotations NZD/USD stands with the breakdown of the lower boundary of the model «Triangle» and closing below 0.6755.
New Zealand Dollar Forecast NZD/USD March 1, 2019 involves an attempt to test the resistance level near the level of 0.6815. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 0.6705. The cancellation of the option to reduce the pair will be the breakdown of the area 0.6875. This will indicate a continuation of the rise of the pair on Forex with the goal above the level of 0.6935.
