© Dukascopy Bank SA
"Now both the US and Chinese early indicators are telling us that these economies are expanding. The New Zealand dollar tends to do well on good global data, and this should keep it in demand and well supported on dips."
- ANZ (based on Business Day)
Pair's Outlook
Pair manage to advance 40 pips already since the started of the trading session, but has been stopped at 0.82. It seems this is just a temporary setback pair is likely to step up some more before we will see a bearish correction predicted by technical indicators on daily chart.
Traders' Sentiment
Bears regained some ground since yesterday and continue holding overwhelming majority of all the positions on the pair—74% to be exact. This mood should remain more or less unchanged in the near future as pending orders are evenly distributed between the long and short traders.
© Dukascopy Bank SA