© Dukascopy Bank SA
"People are probably reading too much into it - December is going to be the big one when we get the forecasts."
- Commonwealth Bank of Australia (based on TVNZ)
Pair's Outlook
Pair is trying to breach Bollinger band boundaries after receiving a bullish impetus form 20 bar SMA at 0.8177. Although this seems to be a rather strong push and even if pair breaches Bollinger band it should not manage to advance far above 0.824.
Traders' Sentiment
Amount of short traders decreased by 5% since yesterday, but hold overwhelming, 70%, majority in the market at the moment. Share of pending sell orders is holding at the same, 68%, level suggesting that not much should change in the beginning of new trading week.
© Dukascopy Bank SA