© Dukascopy Bank SA
"For New Zealand, it is good news. The US is one third of the global economy. We sell a lot of goods and products into the US, and we want them to be strong. It's hard to be strong when the Government is shut down."
- NZ Prime Minister (based on The New Zealand Herald)
Pair's Outlook
Pair seems to have gained momentum after bouncing from 0.830. At the moment it is aiming at monthly R1. Advancement above it would put 2013 high on the map. We do not expect that the pair will breach it easily. We should see some sort of stall then. In case of failure at any of these levels we should look in to the September high at 0.8436.
Traders' Sentiment
Indicators of market perception of the pair hasn't changed much. Distribution of open positions remains at 73% being bearish. Bullish side of pending orders increased by 5% and is at 70% gauge.
© Dukascopy Bank SA