© Dukascopy Bank SA
- Bank of New Zealand (based on the New Zealand Herald)
Pair's Outlook
The New Zealand Dollar is starting to slide, after its last week's significant advance. At the moment it seems that the pair is slipping towards the weekly PP at 0.8614, which should not be too big obstacle to deal with for pair's bears. At the same time the weekly and monthly technical indicators suggest a move to the north. Although, it is very unlikely that the Kiwi could breach the major level at 0.87 as it failed to that twice just recently, proving that it is not ready to trade above this level once again.
Traders' Sentiment
At the moment of writing 58% of the SWFX market participants are expecting the Kiwi Dollar to lose value against the buck. Meanwhile, the share of sell orders climbed from 56% to 60%.
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