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- Stifel Nicolaus& Co. (based on Bloomberg)
Pair's Outlook
The NZD/USD pair slid majorly during this week as the NZD lost about 360 pips . On Friday, the cross rebounded from the resistance line at 0.752 and dived lover, below the weekly S3 at 0.749. Currently, the 55– 100– and 200– day SMA's are eventually heading lower. Meanwhile, there are no sufficient support levels as the next most valuable one is the monthly S3 at 0.733.
Traders' Sentiment
The pair met another market bulls, since trades are currently 51% short. In addition, the 50– pip range pending orders are 57% long and the 100– pip orders will be placing the longs for 74% of market participants.
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