NZD/USD stopped by trader's sentiment

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The kiwi will probably creep a little higher towards the first half of the week going into the Fed meeting."
-Commonwealth (based on TVNZ) 

Pair's Outlook
NZD/USD advancement was stopped by negative trader sentiment at 0.8125. Pairs outlook remains negative  and if even pair is to advance further cluster of support levels around 0.8178 should provide enough resistance to push it back to 0.81.

Traders' Sentiment
Share of long positions decreased by 20% since Thursday as 57% of traders are currently holding short positions on the pair. However, 55% of all pending orders are buy orders suggesting that we might see another switch in the market sentiment soon. 

© Dukascopy Bank SA
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Mon, 10 Sep 2012 16:14:20 GMT

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