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- Rabobank International (based on Bloomberg)
Pair's Outlook
After a steady beginning of the week the Kiwi has picked up a bullish momentum, as the currency almost reached the psychological level at 0.80. The question whether the pair is capable of breaching this important levels remains wide open. There are definitely some arguments why the pair cannot do it, one of them is the technical indicators that are bearish, especially the shorter term. For further bullish moves it is important to consolidate above the 0.79 mark.
Traders' Sentiment
There is uncertainty among the traders, as exactly the same amount of them share the bullish and bearish outlook. Concerning the orders placed 100 pips from the spot, there are now more commands to sell—72%.
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