© Dukascopy Bank SA
"Everyone thinks the liquidity measures are enough to keep high-yielders in demand, which they are. The kiwi's been one of the better performing currencies against everyone today."
-HiFX (based on TVNZ)
Pair's Outlook
After sharp appreciation pair rebounded from 14th of September high at 0.8352 and is currently hovering slightly above major (psychological) level at 0.8300. It is likely pair will drop all the way to weekly pivot (PP) at 0.8270 or Fibonacci retracement (23.6% of move since 5th of September), but should pick up once again after that.
Traders' Sentiment
NZD remains the most sold major currency across the board almost for more than a week now—in 74% of all cases . As a result, 75% (+2% since yesterday) of traders continue to hold short positions on the pair. However, amount of pending buy orders decreased by 12% since yesterday and is at slim 53% mark today.
© Dukascopy Bank SA