© Dukascopy Bank SA
– based on Market Pulse
Pair's Outlook
The New Zealand Dollar booked losses against the US Dollar on Thursday. The currency exchange rate started Thursday's trading session at 0.7279 and ended it at 0.72. During first half of Friday's session the Kiwi has moved lower against the Greenback, and the pair reached below the support cluster made up of the weekly S1 at 0.7157 and 38.20% Fibonacci retracement at 0.7145. However, by 11:00 GMT the pair had rebounded and was trading at 0.7172. In the meantime, daily aggregate technical indicators forecast a surge for the pair today.
Traders' Sentiment
SWFX traders continue their majorly bearish sentiment, as on Friday 74% of open positions were short. In the meantime, pending orders in the 100-pip range have shifted, as 66% of open positions are short on Friday.
© Dukascopy Bank SA