© Dukascopy Bank SA
"The New Zealand dollar will struggle over the next month or so if there's disappointment about QE."
-Dan Bell, HiFZ (based on TVNZ)
Pair's Outlook
Pair dropped further after the weekend as it forms clear double top pattern. Pair is likely to depreciate further and drop closer to 0.8050 where we can find a cluster of support levels and pattern's lower limit.
Traders' Sentiment
Trader sentiment is deviating not far from 50% (+/-2%) gauge for the second week. However, instead of 65% traders posting sell orders, week started with 54% of traders posting buy orders.
© Dukascopy Bank SA