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Medium Term NZD/USD Forecast
We identified a triple bottom NZDUSD pattern on the daily chart last week, with the bottoms falling approximately on the 50% Fibonacci level. Since then, the Kijun line and the Tenkan line had a crossover, which is the first Ichimoku Kinko Hyo confirmation signal. On Tuesday, we saw a massive bullish engulfing formation. And just today first thing during the Sydney session, the NZDUSD price opened above the daily cloud. Based on our Ichimoku Secrets strategy, we now have sufficient amount of signals to start looking deeper in the IDDA in order to develop a trading strategy. However the pair still have the 50% ... (full story)