NZD/USD, H4

Let’s look at the four-hour chart. Tenkan-sen line is above Kijun-sen, they are both horizontal. Chinkou Span line is above the price chart; current cloud is going to reverse from descending to ascending. The pair has broken through the cloud and is trying to consolidate above its upper border (0.7565). The next obstacle for the price on its way up will be one of the previous minimums of Chinkou Span line (0.7661).

Forex: Ichimoku Clouds. Review of NZD/USD

NZD/USD, D1

On the daily chart Tenkan-sen is above Kijun-sen, both lines are horizontal. Chinkou Span line has crossed the price chart from below; current cloud has reversed from descending to ascending. The pair has broken through the cloud and is still rising towards 0.7654. The upper border of the cloud is going to be a support level (0.7532).

Forex: Ichimoku Clouds. Review of NZD/USD

Key levels

Support levels: 0.7565, 0.7532.

Resistance levels: 0.7661, 0.7654.

Trading tips

On the both charts the price has broken through the lcoud, which is a strong signal to buy. First target for the long positions will be around 0.7654.

 




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