© Image watermark
- Milwaukee-based RW Baird & Co. (based on Bloomberg)
Pair's Outlook
It looks like Wednesday was rather quiet for most of the case since the pair closed at the same level from the previous day at 0.768. Although, the market participants traded the cross for about 100 pips. Respectively, bears managed to pressure the NZD/USD down to the weekly S1 at 0.7684, while bulls tried to hold the daily 55– SMA level at 0.7786.
Traders' Sentiment
The same 46% of the market participants expect the NZD/USD pair to appreciate. The 50– pip long pending orders contracted a little from the last update, being at 40% currently.
© Image watermark