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"The US situation may increase the New Zealand dollar's trading in the long-term, but it is likely the Asian countries will overshadow any increase in the New Zealand dollar in terms of its rating in the G10."
- ANZ (based on The radio New Zealand)
Pair's Outlook
Pair is showing signs of minor bearishness and at the moment is testing the strength of the September high support. If the pair dips below it, it could easily tail back below 0.836 which would put 0.823 on the map. In order to uplift some of this pressure the pair should advance above the weekly and monthly R1. That would put 2013 high and that's where we could see some serious bearishness which could cause a major failure of the pair.
Traders' Sentiment
As expected on Friday, bears took the lost part of the market back under their control. At the moment they account for 75% of all market participants. Bullish side of pending orders remains at 69% gauge.
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