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- Thornburg Investment Management Inc. (based on Bloomberg)
Pair's Outlook
The pair regained all the previous losses, letting the NZD to depreciate versus the US counterpart up to the 100– day SMA at 0.789 at the daily chart. Meanwhile, the 200– day SMA is looking to the south, while the 55– day one keeps the neutral course. Overall, the cross managed to tumble close to the weekly S1 at 0.769 and hike 187 higher. Yet, the bears step into the market and pressured the NZD/USD to trade lower.
Traders' Sentiment
The market is mainly looking forward the depreciation of the pair, as only 36% of traders are opened long. The 50– pip long pending orders are placed for 75% of the case, whereas the 100– pip orders are long for 69% of traders.
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