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- ING (based on Bloomberg)
Pair's Outlook
In respect of the latest bullish move, the NZD/USD appreciates more than 50 pips from the last daily close. The cross is trading near the Bollinger band at 0.783, after surpassing all the previously mentioned resistance levels. While the daily graph shows the 200– and 100– day SMA's pointing to the south, the 55– day SMA stays neutral.
Traders' Sentiment
Looking at the traders' sentiment no significant changes are seen, yet, only 50-pip pending orders added 24% of traders, willing to buy the pair. Meanwhile, the 100– pip pending orders changed from 26% to 34% Today.
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