© Dukascopy Bank SA
- BNZ (based on the New Zealand Herald)
Pair's Outlook
NZD/USD has slipped slightly through the last two trading days, after the pair reached the highest level in October on Wednesday. We expect the Kiwi to consolidate around the current trading levels and most likely this could be just a period of correction. At the same time the psychological level at 0.80 will definitely be a great obstacle to surpass, thus for the pair's bulls there is a hard work to do ahead. The technicals remain mixed.
Traders' Sentiment
The traders' sentiment has not changed for four straight trading days, as exactly the same amount of market participants share the bullish and bearish outlook. Concerning the orders placed 100 pips from the spot, the amount of buy orders fell to 39%.
© Dukascopy Bank SA