© Dukascopy Bank SA
- Finance Minister Bill English (based on stuff.co.nz)
Pair's Outlook
Since Monday the pair has been on a path of recovery; moreover, the pair touched the monthly PP at 0.7970 today. If the pair will continue to reverse its losses with the picked up pace then the psychological level at 0.80 could be reached soon. Nevertheless, it will not be easy to surpass this level, as it is also complemented with the weekly R2 at 0.8010. However, a dip below the 0.79 level could put the bullish scenario aside for some time.
Traders' Sentiment
There is no difference between the amounts of long and short positions as they are completely identical, meaning the sentiment is still neutral. At the same time the gap between the buy (29%) and sell (71%) orders is widening.
© Dukascopy Bank SA