© Dukascopy Bank SA
- based on Bloomberg
Pair's Outlook
The New Zealand Dollar is among one of the many currencies, which suffered losses against the US Dollar, as the UK referendum on European Union membership results came in, and they declared an exit from the union. However, as most major currencies saw a slight rebound on Monday, as analysts and various experts stated that the markets might have overreacted, and traders took out profits, the Kiwi remained opened a lot lower at the start of Monday's session, and it remained unchanged during the day.
Traders' Sentiment
SWFX traders are 70% short on the NZD/USD pair, which indicates that it might already be oversold. However, pending orders in the 100-pip range show that there is no upcoming change in the sentiment, as 72% of orders are also short.
© Dukascopy Bank SA