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- TD Securities USA LLC. (based on Bloomberg)
Pair's Outlook
The NZD/USD traded almost identically the same, in comparison with the previous day. In details, the pair fluctuated today about 100 pips, from 0.7802, the daily high, to 0.7711, the daily low. The 55– 100– and 200– day SMA's continue to point lower. The support levels will be found at the 0.770 and the weekly S1 at 0.768. Overall, the cross continues to trade within the descending channel.
Traders' Sentiment
Both the 50– and 100– pip pending orders are placed long for 50% of the case. Meanwhile, the opened positions did not change today and 46% of traders hold their longs.
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