© Dukascopy Bank SA
- Bank of New Zealand (based on the New Zealand Herald)
Pair's Outlook
The pair continues to surprise on the upside as today new high was set at 0.8818. It is definitely worth mentioning that the pair's all time high is just 26.5 pips from today's peak at 0.8845. With climbing this high, Kiwi's previously strongly bullish technical studies are neutral now. Nonetheless, in our opinion it is possible that the pair could set a new high; however, at the same time its strengthening considerably higher is very doubtful.
Traders' Sentiment
Taking into consideration pair's current trading levels compared with its historical levels it seems logical that pair's bears are in overwhelming majority with 71%. At the same time the gap between the buy (35%) and sell (65%) orders is narrowing.
© Dukascopy Bank SA