NZD/USD stalls ahead of 0.79

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It seems like the market is tentatively concluding that any military action may not last that long and its impact on the world economy will be limited. The market is coming back to business as usual."
- State Street Global Markets (based on CNBC)

Pair's Outlook

After hitting the resistance represented by the 55 and 100-day SMAs NZD/USD seems to have lost bullish momentum, trading in a comparatively narrow corridor today, mostly below yesterday's close. This is why the risks are skewed in favour of a sell-off from here, although, if the increased demand for the kiwi takes the price higher, the rate still should be capped by 0.81.

Traders' Sentiment
Following the latest determined rally of the New Zealand Dollar, many of the traders became more optimistic concerning the currency's potential, considering the growing percentage of open long positions—they currently amount to 56%. Among the pending orders the sell ones are in the lead with 58%.
© Dukascopy Bank SA
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Actual Topics

Fri, 06 Sep 2013 07:18:06 GMT

EUR/USD plunged through SMAs

Although there were few reasons to believe EUR/USD will not be underpinned by a combination of the 100 and 200-day SMAs, the price turned out to be unable to surpass the resistance at 1.3217 and fell by 80 pips.

Thu, 05 Sep 2013 14:15:05 GMT

USD/CAD erodes 1.0485

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