NZD/USD finishes the week lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
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"The market is still assessing the recent actions by the ECB, trying to figure out how much of that action was already priced into markets going into the meeting and what it might mean for markets going forward."
- Stifel Nicolaus& Co. (based on Bloomberg)

Pair's Outlook
The NZD/USD pair slid majorly during this week as the NZD lost about 360 pips . On Friday, the cross rebounded from the resistance line at 0.752 and dived lover, below the weekly S3 at 0.749. Currently, the 55– 100– and 200– day SMA's are eventually heading lower. Meanwhile, there are no sufficient support levels as the next most valuable one is the monthly S3 at 0.733.

Traders' Sentiment
The pair met another market bulls, since trades are currently 51% short. In addition, the 50– pip range pending orders are 57% long and the 100– pip orders will be placing the longs for 74% of market participants.

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Actual Topics

Mon, 26 Jan 2015 09:32:45 GMT

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