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"With inflation expected to be consistent with the target band [2%-3%] and growth close to trend, but with a more subdued international outlook than was the case a few months ago, the board judged that the stance of monetary policy remained appropriate."
-Reserve Bank of Australia minutes
Pair's Outlook
NZD/USD has appreciated and is successfully trying to form a double top pattern on the 1D chart. Bollinger band at 0.8165 should slow down the pair's advance for a few days, but it should eventually form a second pattern's top around 0.8300.
Traders' Sentiment
Trader sentiment slipped in favor for the bears as 52% of traders keep short positions on the pair at the moment. In addition, in the range of 100 pips from current market price 82% of traders have posted sell orders suggesting a possible major shift in traders sentiment in the near future.
© Dukascopy Bank SA