NZD/USD is little changed

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The kiwi may creep a little higher this week, but that's very subject to any further developments from Russia." 
- OMF (based on the New Zealand Herald).

Pair's Outlook

Today we have seen little change in NZD/USD currency pair, in fact during the last ten trading days it has traded mostly around current levels. Daily technical indicators are suggesting to buy; however, our point of view is that once the pair will make a move then it will be quite significant. We see it diving beneath monthly R1 and slipping towards weekly S1 at 0.8480.

Traders' Sentiment

The sentiment among SWFX traders has remained unchanged, with 72% being bearish. Concerning the orders placed 100 pips from the spot, they also have remained almost unchanged as 42% are set to buy.

© Dukascopy Bank SA

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