Currency pair New Zealand Dollar US Dollar NZD/USD is trading at 0.6834 and continues to move in growth. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in the pair New Zealand Dollar US Dollar. As part of the NZD/USD forecast New Zealand Dollar November 23, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 0.6795. Where should we expect an attempt to rebound and further growth of the pair NZD/USD. The target of this movement will make the area near the level of 0.6965.
NZD/USD forecast New Zealand Dollar November 23, 2018
An additional signal in favor of the growth of the pair NZD/USD will be a rebound from the support area. And also test the lower boundary of the ascending channel. Earlier, a weak signal was received for SELL 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 0.6730 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 resistance area and closing above the level of 0.6895.
NZD/USD forecast New Zealand Dollar November 23, 2018 involves an attempt to test the support level near the level of 0.6795. Where can we expect to continue the growth of the currency pair with a potential target near the level of 0.6965. Cancellation of the growth of the pair will be the breakdown of the area of 0.6730. This will indicate a continuation of the fall.