© Dukascopy Bank SA
Pair's Outlook
After some uncertainty in this currency pair the Kiwi has received a bullish impetus from the monthly PP at 0.8622 and is trading around the weekly PP at 0.8669. In case this resistance level is breached then the pair could approach the major level at 0.87, however, it is unlikely to be broken. In case of a failure at current levels the pair might trail till 0.8550, but it is a bit too early to speculate what could happen afterwards.
Traders' Sentiment
An overwhelming majority (70%) of the traders believe that the buck is going to regain its bullishness and increase in value relative to the Kiwi. At the same time the gap between the buy (43%) and sell (57%) orders is widening.
© Dukascopy Bank SA