© Dukascopy Bank SA
"You can't fight the Fed. The kiwi had a head of steam up all day."
-Mike Jones, Bank of New Zealand (based on TVNZ)
Pair's Outlook
Pair is slowed down today as it is approaching level where a second peak for Double Top pattern should emerge. Pair is unlikely to advance further and should bounce hard of the 82 cent mark.
Traders' Sentiment
Trader sentiment remains in slight favor for the bulls since yesterday as 52% of traders continue keep long positions on the pair at the moment. However, in the range of 100 pips from current market price 92% of traders have posted buy orders, in comparison to 80% of sell orders yesterday, suggesting a possible major shift in traders sentiment in the near future.
© Dukascopy Bank SA