NZD/USD to bounce off 0.8307/0.8286

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It is hard to ignore the solid performance of the dollar over recent trading sessions, helped by a more hawkish [Federal Open Market Committee] and comparatively respectable growth. Short term, it would not be surprising if this dollar demand did not continue."
- FxPro (based on MarketWatch)

Pair's Outlook

Recent performance of NZD/USD could be hardly called univocal and steady, with candles having significantly varying sizes and different directions. Nevertheless, the general trend is bullish and it is expected to be maintained at least until 0.8492/53 is attained. Once this level is overcome, there will be no formidable resistances up to 0.8774.

Traders' Sentiment
While the U.S. Dollar is one of the most frequently acquired currencies in the SWFX marketplace, the kiwi is one of the least preferred, merely in 29% of cases on average. Consequently, 71% of traders have entered short on NZD/USD positions. The ratio between buy and sell orders is 31% to 69%, respectively.
© Dukascopy Bank SA
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Actual Topics

Wed, 09 Jan 2013 08:41:33 GMT

EUR/USD is too weak to overcome a 1.3121 level

EUR/USD was too weak to overcome a 1.3121 level yesterday, where the monthly PP merges with the weekly PP. As the price demonstrates a lack of bullish impetus to proceed a movement till the 20-day SMA, it is likely to see a recheck of the lower Bollinger band at 1.3037. The lower Bollinger band has already changed a direction by

Tue, 08 Jan 2013 16:21:18 GMT

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