© Dukascopy Bank SA
"The kiwi's going to remain under pressure until they get a resolution."
- HiFX (base on The Australian)
Pair's Outlook
It seems that pair gained momentum after receiving a bullish impetus from the weekly PP. At the moment it is testing 55-day SMA, which should not be much of a trouble as 100-day SMA has been the big problem for the pair recently, but it seems that it is one of the main catalyst behind pairs todays performance.
Traders' Sentiment
During the weekend share of short traders in the market increased by 8% and now they constitute for 67% of market participants. However, pending orders remain in favor for the bulls—they have posted 55% of all pending orders on the pair.
© Dukascopy Bank SA