© Dukascopy Bank SA
"If there's nothing too exciting in non-farm payrolls, the kiwi might press back a little higher to 82.50/82.75 US cents."
-Commonwealth Bank (based on NINEmsn)
Pair's Outlook
Pair has been range bound (0.8185-0.8352) for the past 3 weeks and bounced to 0.825 after receiving a bullish impetus from the lower end of this range. Pair should keep stepping up fairly easily till 0.8300 where another major support level can be found.
Traders' Sentiment
Bearish sentiment on the pair strengthened further and reached 74% mark today. Amount of pending sell orders decreased by 6% and is at 55% mark as some of orders were realized and added to bearish sentiment on the pair.
© Dukascopy Bank SA