NZD/USD bounces off 0.7981/67

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There has been an over-reaction in the FX markets as they were so incredibly long dollars heading into the FOMC minutes yesterday. I still think the dollar's uptrend is intact but the pace will slow given Bernanke's comments."
- Adam Myers, Credit Agricole(based on CNBC)

Pair's Outlook

While the resistance at 0.7855 (monthly PP) was unable to contain yesterday's bullishness of NZD/USD, a combination of 0.7919 and 0.7981/67 stopped the New Zealand Dollar from appreciating any further. Then we would witness a rally to 0.8027 with a chance to extend to 0.8179/61, but instead the price pulled back and is currently traded just above 0.7809/0.7782.

Traders' Sentiment
SWFX traders' sentiment towards NZD/USD remains fairly bullish, being that 60% of open positions are long and the rest 40% are short, showing no reaction to the latest hectic moves in the exchange rate. At the same time the percentage of buy orders placed on the pair is in a distinct minority, constituting 37%.
© Dukascopy Bank SA
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Actual Topics

Fri, 12 Jul 2013 08:15:10 GMT

EUR/USD hovers below the 200-day SMA

As anticipated pair is showing signs of bearish correction.

Thu, 11 Jul 2013 14:27:21 GMT

USD/CAD nosedives to 1.0359/33

"The dollar's latest rally was started by nothing other than Bernanke's comments last month (that the Fed could reduce stimulus.) Few people would have thought he would suddenly turn dovish."- a trader at a Japanese bank (based on Reuters)Pair's OutlookUSD/CAD took a massive hit yesterday, plummeting under the level we considered to be more or less safe. The decline extended

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