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"The weakening of growth leading indicators is currently being met by a more cautious policy response globally."
- Ian Stannard, Morgan Stanley (based on MarketWatch)
Pair's Outlook
The Kiwi dollar inched higher against the US dollar, and as the bullish sentiment holds, 0.8082 is likely to be the first initial resistance (61.80% Fibo). Once this level is breached, 0.8166 (R2 Weekly) and 0.8227 (R1 Monthly) are going to be next targets among bullish traders.
Traders' Sentiment
The New Zealand-US Dollar pair is presently neutral as 49% of investors keep long positions contrary to 51% of traders keeping short positions. Short and long positions are equally allocated at the moment as bullish and bearish investors hold equal number of orders (50%/50%).
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