NZD/USD trades above 0.86

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"There's a small bias towards responding to negative news that will overall keep the US dollar weak and push up the kiwi/US."
- Westpac Banking Corp. (based on The New Zealand Herald) 

Pair's Outlook 
Since the pair broke the weekly PP at 0.8587 on Wednesday it has stayed there; however, a further appreciation has not fallowed. Due to the lack of the bullishness we expect the pair to slip below the weekly PP and to touch the 55-day SMA at 0.8565. Nevertheless, the technical indicators are mostly bullish; therefore, pair's bulls could expect the pair breaking the weekly PP and attacking the weekly R2 at 0.8678 ultimately. 

Traders' Sentiment 
More than 70% of the SWFX market participants believe that the U.S. Dollar is going to outperform the New Zealand peer. At the same time the gap between the buy (57%) and sell (43%) orders is narrowing.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.