Note: This section contains information in English only."The New Zealand dollar fell to a two-month low as investors see a likely win by Democrat candidate Hillary Clinton in the US presidential campaign as paving the way for higher interest rates."
– based on New Zealand Herald
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar continued to depreciate against the US Dollar on Tuesday, as the currency exchange rate reached new low levels.[/ANNOUNCE] By midday on Tuesday the currency pair had reached below a support cluster comprised of the weekly S1 and the monthly S2, which are located respectively at 0.7082 and 0.7070. If the rate manages to fully pass the cluster, as the Greenback gains strength, the currency pair is set to move to the next support level, which is the second weekly support at 0.6996. On the second hand, a rebound might occur, moving the rate back to the 38.20% Fibo retracement level at 0.7134.
Traders' Sentiment
SWFX traders shorted the Kiwi on mid-Tuesday, as 57% of open positions were short. In the meantime, pending commands are 56% to sell.
Tue, 11 Oct 2016 14:37:03 GMT
Source: Dukascopy Bank SA
– based on New Zealand Herald
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar continued to depreciate against the US Dollar on Tuesday, as the currency exchange rate reached new low levels.[/ANNOUNCE] By midday on Tuesday the currency pair had reached below a support cluster comprised of the weekly S1 and the monthly S2, which are located respectively at 0.7082 and 0.7070. If the rate manages to fully pass the cluster, as the Greenback gains strength, the currency pair is set to move to the next support level, which is the second weekly support at 0.6996. On the second hand, a rebound might occur, moving the rate back to the 38.20% Fibo retracement level at 0.7134.
Traders' Sentiment
SWFX traders shorted the Kiwi on mid-Tuesday, as 57% of open positions were short. In the meantime, pending commands are 56% to sell.