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"It's not a huge surprise there and the Aussie dollar managed to push up after the announcement and has been a positive, giving the kiwi more upside."
- HiFX (based on TVNZ)
Pair's Outlook
Pair received a major bullish impetus from 0.840 and appreciated 50 pips already and was stopped only by Bollinger band at 0.845. Technical indicators give a very strong indication that pair should continue appreciating further, but it is rather important that quite a few indicators do not give any conclusive readings and are in neutral area suggesting that pair might slow down soon.
Traders' Sentiment
Bears continue to hold overwhelming majority of positions in the market, 74% to be exact. Pending orders, however, suggest that bulls might try to swing the market mood as they are responsible for 65% of all pending orders on the pair.
© Dukascopy Bank SA