Note: This section contains information in English only.
"The currency has spent much of the last two weeks in a tight 0.6970-0.7070 range."
— Jason Wong, Bank of New Zealand (based on New Zealand Herald)
Pair's Outlook
[ANNOUNCE]During the first half of Monday's trading session the New Zealand Dollar slightly depreciated against the US Dollar, as the currency exchange rate was kept lower by a cluster of fresh resistance.[/ANNOUNCE] The cluster consisted of the weekly and monthly PPs, which were located, respectively, at the 0.7019 and the 0.7033 levels. However, the Kiwi did not fall, as it was still prepped up by the 20-day SMA at 0.6996. It is most likely that the rate will decline by the end of the day and soon reach the weekly S1, which is located at the 0.6969 level.
Traders' Sentiment
Traders are long on the Kiwi, as 53% of open positions are long on Monday. In addition, 54% of trader set up orders are to buy.
Mon, 03 Apr 2017 15:37:26 GMT
Source: Dukascopy Bank SA
— Jason Wong, Bank of New Zealand (based on New Zealand Herald)
Pair's Outlook
[ANNOUNCE]During the first half of Monday's trading session the New Zealand Dollar slightly depreciated against the US Dollar, as the currency exchange rate was kept lower by a cluster of fresh resistance.[/ANNOUNCE] The cluster consisted of the weekly and monthly PPs, which were located, respectively, at the 0.7019 and the 0.7033 levels. However, the Kiwi did not fall, as it was still prepped up by the 20-day SMA at 0.6996. It is most likely that the rate will decline by the end of the day and soon reach the weekly S1, which is located at the 0.6969 level.
Traders' Sentiment
Traders are long on the Kiwi, as 53% of open positions are long on Monday. In addition, 54% of trader set up orders are to buy.