NZD/USD eyes 0.8492/76

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There seem to be higher expectations for New Zealand than Australia in terms of the resilience of their economies."
- Gaitame.com Research Institute Ltd. (based on Bloomberg)

Pair's Outlook

NZD/USD has jumped towards 0.8492/76, but is yet to climb over 0.8453/32 first to test it. The former area is capable of withstanding the impending pressure created recently by bulls and thus should send the pair back to the rising support line that connects minima since Jun 11. Such sharp bounces to and off these lines are likely to characterise behaviour of NZD/USD until March.

Traders' Sentiment
While the kiwi and aussie are the least preferred currencies in the SWFX marketplace the U.S. Dollar enjoys popularity among traders, on average being acquired in 59% of cases. Accordingly, 70% of market participants stand in favour of a weaker New Zealand Dollar.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.