© Dukascopy Bank SA
- Bank of New Zealand (based on the New Zealand Herald)
Pair's Outlook
Now for quite a some time (since the end of September) already NZD/USD currency pair has been on a sideways trend. To our mind that could also be the nearest futures scenario, as the current trading levels are around the lowest levels this year and at the same time the strong US Dollar does not allow the Kiwi to climb considerably higher. Meanwhile, the technical indicators are pointing to the south.
Traders' Sentiment
The difference between the amounts of long (49%) and short (51%) positions remains negligible, meaning the sentiment is still neutral. Moreover, it has not changed for 9 straight trading days already. Meanwhile, the share of sell orders fell from 67% down to 50%.
© Dukascopy Bank SA