© Dukascopy Bank SA
- ASB (based on the New Zealand Herald)
Pair's Outlook
Today NZD/USD touched the down-trend support line around 0.8209, thus the pair is clearly targeting the major level at 0.82. However, it is unclear whether the pair's bears are capable of dragging the pair below this mark for the time being. The Kiwi's technical indicators are mixed, with the weekly ones more to the downside but the monthly ones more to the upside. Despite the pair's bearish momentum we do not expect the pair declining considerably below the 0.82 level.
Traders' Sentiment
The traders' sentiment towards NZD/USD has not changed for a three consecutive day, as 56% of the traders expect a bullish change in the currently bearish scenario.
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