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'Over the week we should see a bit more firming up of the US dollar, which will bring kiwi down."
-Commonwealth Bank of Australia (based on Sky News)
Pair's Outlook
Pair rebounded after unsuccessfully trying to breach 0.834 twice in last few weeks. It's dive from 0.8270 was rather unexpected and it is unclear that support levels around 0.8205 will be able to hold pairs depreciation for long as significant portion of downside risk for the pair remains.
Traders' Sentiment
NZD remains one of the most sold currency's across the board—in 72% of all cases. 71% of traders continue to hold short positions on the pair and although amount of pending buy orders on the pair decreased by 19% during the weekend, 60% of pending orders are buy orders on the pair.
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