© Dukascopy Bank SA
- HiFX (based on the New Zealand Herald)
Pair's Outlook
Today NZD/USD has little changed, after yesterday the pair dived beneath the monthly PP at 08570. This might be the case when the Kiwi consolidates around the current trading levels; however, we expect it to depreciate slightly lower towards the major level and weekly S2 at 0.8500/0.8496. The technical indicators are more or less mixed.
Traders' Sentiment
Bearish side of open positions returned to 75% level today; down from 74% yesterday. Concerning the orders placed 50 pips from the spot, there are now significantly more commands to sell—63% compared to yesterday's 29%.
© Dukascopy Bank SA