NZD/USD slips to the 100-day SMA

Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The rate-sensitive sectors, most notably housing and autos, are kicking into a higher gear. This reflects the Fed's aggressive monetary policy and resulting rock-bottom interest rates." 
- Moody's Analytics Inc. (based on Bloomberg) 

Pair's Outlook 
Yesterday the pair attempted to breach the support line at 83.50 and was successful.  Today the price retested this line and decreased even further. Currently the price is on the 100–day SMA at 0.8314 and the closest support level would be 0.8290, where the lower Bollinger band merges with the weekly S1. 

Traders' Sentiment 
While the New Zealand Dollar is losing its position, the sell side contracted to 26% and the buy side expanded to 74%. Market sentiments indicate that the kiwi is overpriced. Pending orders segment is in line with the spot market, since the majority of waiting orders are sell, namely 68%.
© Dukascopy Bank SA
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Actual Topics

Wed, 27 Feb 2013 08:17:48 GMT

EUR/USD underpinned by 1.3079/32

A down-trend support line, which has been breached on Jan 10, but before that remained intact since May of 2010, has proven to retain topicality to the market participants, delaying development of a dip.

Wed, 27 Feb 2013 09:03:10 GMT

AUD/USD bounced from the weekly PP

The Australian Dollar does not show any bullish momentum to breach the 20-day SMA and get back to a 1.04 area, where the major SMAs intersect.

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