© Dukascopy Bank SA
"Analysts said growth-linked currencies are likely to be supported by diversification flows from central banks."
- CNBC
Pair's Outlook
The Kiwi dollar commenced trading in a flat trend today against the US dollar, though bullish investors do not lose hope to push NZD higher. If bullish impetus continues, 0.8112 (upper Bollinger band) is likely to be hit first. A breakout here would pave the way towards 0.8181 (R1 Weekly) and 0.8256 (R2 Monthly).
Traders' Sentiment
Traders' sentiment on NZD/USD is neutral as 51% of traders are holding short positions contrary to 49% of market participants with long positions. Pending order disposition, 65% of market participants anticipate the pair to commence a deep bearish correction and 35% of traders stick to an opposite scenario.
© Dukascopy Bank SA