© Dukascopy Bank SA
- OMF (based on the New Zealand Herald)
Pair's Outlook
Today the pair has little changed, after yesterday's decline stopped at the major level at 0.8650. Most likely the monthly and weekly PPs and 20-day SMA at 0.8622/11 will be a strong support level; however, if the pair's bears manages to push the pair below this level then a drop towards the major level at 0.8500 could start. Nonetheless, pair's technical indicators are largely bullish; therefore, this might be the case where the Kiwi consolidates around the next support level.
Traders' Sentiment
An overwhelming majority (74%) of the traders believe that the buck is going to regain its bullishness and increase in value relative to New Zealand's peer.
© Dukascopy Bank SA