© Dukascopy Bank SA
- based on FX Empire )
Pair's Outlook
As the NZD/USD currency exchange rate rebounded against the resistance cluster below it, from 0.7163 to 0.7133, the rate surged and ended day's trading session at 0.7176. On Friday the Kiwi continues to appreciate against the Greenback, as the currency pair had surged to 0.7209 by 11:15 GMT. There are no resistance levels located on the New Zealand Dollars path against the US Dollar up to the level of 0.7308, where this week's first resistance is located at.
Traders' Sentiment
Traders are largely bearish on the pair, as 72% of open positions are short on Wednesday. In the meantime, pending orders are 57% long.
© Dukascopy Bank SA