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"Creeping risk aversion buoyed 'safe-haven' demand for the USD, which is higher relative to all the major currencies."
- Bank of New Zealand (based on the New Zealand Herald)
Pair's Outlook
It has been third trading session in this week and it seems that pair might be range bound (0.8185/79-0.8236) this week. As technical indicators don't give any conclusive signals probability of such scenario becomes even higher.
Traders' Sentiment
Short traders continue hold overwhelming, 72%, majority in the market at the moment. Share of pending sell orders decreased by significant 5%, but is staying above 60% mark (62% at the moment) indicating that market moods should not change soon.
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