© Dukascopy Bank SA
"Domestically, all eyes this week are on new RBNZ Governor Wheeler's first OCR review."
-Bank of New Zealand (based on The New Zealand Herald)
Pair's Outlook
Pair tested cluster of resistance levels at 0.8181/91, however unsuccessfully and currently is hovering above 0.8108/0.8098. Such strong bearish impetus is likely to eventually depress pair even further, but for the time being we should see a minor recovery to 0.8133 or maybe a bit higher.
Traders' Sentiment
Bears area gaining ground further and at the moment 71% of all positions on the pair are short. 2/3 of all pending orders are to go short suggesting no major changes in the near future.
© Dukascopy Bank SA