© Image watermark
- RBS Securities Inc. (based on Bloomberg)
Pair's Outlook
The NZD/USD pair dived 100 pips lover during the day. In details, the slid has started once the cross touched the 55– day SMA level at 0.779. The downward move was stopped near the Bollinger band at 0.767, before surpassing the weekly S1 at 0.769. Yet, the significant move have not turned the pair to be oversold as it continues to trade within the RSI norms.
Traders' Sentiment
The market participants are still awaiting the pair to move higher since 47% of traders are long, 10% higher from the last update. The daily outlook turned from bullish to neutral.
© Image watermark