© Dukascopy Bank SA
"Well look, it's higher than its 30-year average. It's been up in the $0.80-plus zone now for 6 or 7 years (so) I wouldn't say we're not comfortable. We would like to see it in the mid-$0.70s."
- New Zealand's Finance Minister (based on CNBC)
Pair's Outlook
Pair bounced off the 0.805 and at the moment is testing 82 cent mark. We expect it to remain highly correlated with the moves of the aussie and to see some bearishness in the nearest future, but no lower than 200-day SMA. Main obstacle for a further recovery would be 0.8241/68 area. Peak above it would put 0.8328 on the map.
Traders' Sentiment
Distribution of pending orders remains volatile. We can see a 32% increase, till 33%, in 50 pip range but 6% contraction, till 38%, in 100 pip range. Open positions, however, once again changed mildly. Bullish side increased by 2% and is at 44% gauge.
© Dukascopy Bank SA