© Dukascopy Bank SA
"The kiwi's definitely weak on the day."
-ASB Institutional (based on TVNZ)
Pair's Outlook
Pair is testing cluster of support levels around 0.8180 after plummeting from Fibonacci retracement (23.6% of move since 5th of September) at 0.8250. Although market and indicators are giving mixed feeling it seems pair will be fluctuating around 0.8200 for some time.
Traders' Sentiment
Clear majority of traders continue to be bearish on the pair - 69% of all open positions are short on the pair. Distribution between pending orders (63% to sell, 37% to buy) does not suggest any changes in the future as well.
© Dukascopy Bank SA