Kiwi struggles with resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The kiwi's looking reasonably chipper, but the key macro-events are going to be the Fed on the second of November and then the presidential election - a Clinton victory is looking the more likely outcome, but never say never."  
– Mark Johnson, OMF (based on New Zealand Herald) 

Pair's Outlook 
The New Zealand Dollar struggled with a resistance cluster located from 0.7169 to 0.7195 against the US Dollar. Previously, on Tuesday the currency exchange rate bounced between the before mentioned resistance cluster and the support provided by the 38.20% Fibonacci retracement at 0.7134. It is most likely that the currency pair will continue bouncing between the levels of significance, as the Kiwi already failed to break through the resistance against the US Dollar, and the rate is moving lower. 

Traders' Sentiment 
Traders are almost neutral on the pair, as 51% of open positions are short. Meanwhile, pending commands remain unchanged at almost neutral, as 52% of trader set up orders are to buy the Kiwi.
© Dukascopy Bank SA
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