© Dukascopy Bank SA
- Bank of New Zealand (based on the New Zealand Herald)
Pair's Outlook
This week the pair has declined towards June low at 0.8403, after gaining slightly in the week ending August 15th. However, at the moment NZD/USD is trading around the major level and June low at 0.9400/03. The fact that the pair rebounded above the 0.94 mark is a positive sign for bulls, as it indicates on a possible consolidation around the current levels. Nevertheless, the daily technicals are still negative, thus a possible decline below the 0.94 level is not out of the picture for the time being.
Traders' Sentiment
A considerable majority of the traders stay pessimistic with respect to the Greenback. Right now as many as 61% of them expect it to lose value against the Kiwi.
© Dukascopy Bank SA