Note: This section contains information in English only."The Reserve Bank of New Zealand reduced its key rate by 25 basis points to 2 percent. While the cut was expected by all 16 economists surveyed by Bloomberg, the swaps market had priced in a 20 percent chance of a half-point reduction."
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar is fluctuating between the weekly pivot point at 0.7212 and monthly pivot point at 0.7163 against the US Dollar.[/ANNOUNCE] However, the pair seems to be falling in general, as the currency exchange rate had been more volatile to the downside by 11:45 GMT, compared to the opening price of 0.7194. Although, the pair might surge by the end of the week, as the newly compiled, weekly aggregate technical indicators forecast a northwards movement for it during today's session and by the end of this week.
Traders' Sentiment
SWFX traders continue to be bearish, as 70% of open positions were short on Monday. In the meantime, pending commands shifted and became bearish, as 59% of open positions were to sell.
Mon, 15 Aug 2016 13:49:04 GMT
Source: Dukascopy Bank SA
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar is fluctuating between the weekly pivot point at 0.7212 and monthly pivot point at 0.7163 against the US Dollar.[/ANNOUNCE] However, the pair seems to be falling in general, as the currency exchange rate had been more volatile to the downside by 11:45 GMT, compared to the opening price of 0.7194. Although, the pair might surge by the end of the week, as the newly compiled, weekly aggregate technical indicators forecast a northwards movement for it during today's session and by the end of this week.
Traders' Sentiment
SWFX traders continue to be bearish, as 70% of open positions were short on Monday. In the meantime, pending commands shifted and became bearish, as 59% of open positions were to sell.