Today I’m looking at the NZD/USD pair which has just confirmed above the daily Ichimoku cloud
, despite lack of real bullish momentum. The reason why this could eventually turn into a bigger movement is that the NZD/JPY pair has already confirmed above the daily cloud and in the process of reaching the resistance levels. The future cloud is bullish and I also spotted a reverse head and shoulder bullish reversal pattern the further strengthens this bullish signal. The next resistance levels are at 0.6494 and 0.6565. Of course, trading in the financial markets involves a risk of loss and you should only trade the money you can afford to lose.