© Dukascopy Bank SA
"The New Zealand and Australian dollars were the best performers in the past month among 10 developed-nation currencies."
- Bloomberg
Pair's Outlook
The New Zealand dollar deteriorated against the US dollar and the currency pair is targeting 0.7922. As bearish inertia seems to intensify, bearish investors might expect the next major resistance levels to be located at 0.7886 (50% Fibo) and 0.7812 (Lower Bollinger band), respectively.
Traders' Sentiment
The NZD/USD traders' sentiment remains slightly bullish as 52% of investors see the pair advancing further while 47% of traders stick to an opposite scenario. 61% of market participants eye a continuation of the bearish trend over the middle term and 39% of currency traders expect a deeper correction in NZD/USD.
© Dukascopy Bank SA