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"Higher U.S. bond yields could also destabilize risk assets, particularly those in emerging markets. That could prompt investors to buy safer currencies, including the dollar."
- CNBC
Pair's Outlook
Being that 0.8215/00 did not manage to prevent further depreciation of the New Zealand Dollar, the rate is moving lower at an accelerated pace. The closest support is at 0.8144/43, but we would rather focus on a stronger area at 0.8105/0.8077, which is created by the 2012 Q4 lows and the 200-day SMA and therefore is capable of sending the price back to the falling resistance line.
Traders' Sentiment
Compared to the sentiment in the rest of the major currency pairs, the distribution between the bulls and bears in NZD/USD is considerably more stable. At the moment of writing 74% of traders expect the Antipodean currency to lose value. As for the orders, 82% of them are set to sell the Kiwi against the U.S. Dollar.
© Dukascopy Bank SA