Note: This section contains information in English only."It seems that the RBNZ is determined to cut rates and the Fed is still on course for further rate hikes."
- based on Forex Crunch
Pair's Outlook
[ANNOUNCE]The Kiwi fell sharply on Wednesday against the US Dollar. However, the pair found support in the cluster, which was located below it.[/ANNOUNCE] The New Zealand Dollar is surging on Thursday, as it came out of the support cluster below it, and the pair was located at 0.7181 by 11:15 GMT. The support cluster below ranges from 0.7163 to 0.7133, and it is comprised of the monthly and weekly pivot points, 38.20 Fibonacci retracement and the 20-day SMA. Daily aggregate technical indicators forecasted and continue to support the surge for the pair today.
Traders' Sentiment
Traders are largely bearish on the pair, as 73% of open positions are short on Wednesday. In the meantime, pending orders are 51% long.
Thu, 04 Aug 2016 13:32:03 GMT
Source: Dukascopy Bank SA
- based on Forex Crunch
Pair's Outlook
[ANNOUNCE]The Kiwi fell sharply on Wednesday against the US Dollar. However, the pair found support in the cluster, which was located below it.[/ANNOUNCE] The New Zealand Dollar is surging on Thursday, as it came out of the support cluster below it, and the pair was located at 0.7181 by 11:15 GMT. The support cluster below ranges from 0.7163 to 0.7133, and it is comprised of the monthly and weekly pivot points, 38.20 Fibonacci retracement and the 20-day SMA. Daily aggregate technical indicators forecasted and continue to support the surge for the pair today.
Traders' Sentiment
Traders are largely bearish on the pair, as 73% of open positions are short on Wednesday. In the meantime, pending orders are 51% long.