Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6853 and continues to move within the framework of the «Triangle» model. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend for the New Zealand Dollar pair. As part of the New Zealand Dollar Forecast NZD/USD March 20, 2019. A test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.6830. Where should we expect an attempt to rebound and further growth of the pair NZD/USD. The purpose of this movement is the area near the level of 0.6945.
New Zealand Dollar Forecast NZD/USD March 20, 2019
An additional signal in favor of the growth of the NZD/USD currency pair will be a rebound from the support area. The second signal will be a rebound from the lower boundary of the model «Triangle». Earlier, a strong signal was received for BUY the New Zealand Dollar pair. The signal was formed due to the intersection of signal lines at the level of 0.6830.
Cancellation of the growth option of the NZD/USD pair quotes will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the close of quotes below the 0.6785 area. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the pair. Expect to accelerate the growth of quotations NZD/USD stands with the breakdown of the upper boundary of the upward channel and closing above 0.6895.
New Zealand Dollar Forecast NZD/USD March 20, 2019 involves an attempt to test the support level near the level of 0.6830. Where can we expect to continue the growth of the currency pair with a potential target near the level of 0.6945. Cancellation of the lifting of the pair will be the breakdown of the area of 0.6785. This will indicate that the pair will continue to decline in Forex with a target below the level of 0.6655.