© Dukascopy Bank SA
- Commonwealth Bank (based on TVNZ)
Pair's Outlook
NZD/USD pair demonstrates significant bullish impetus today, after the price bounced from the 200-day SMA at 0.8245 last trading session. The kiwi easily passed through the weekly R1 at 0.8285 and exceeded the Bollinger band at 0.8321. However, the price was stopped by the 100-day SMA, after touching the 55-day SMA at 0.8339. Most likely the pair will return back in bands in the end of New York trading hours.
Traders' Sentiment
The New Zealand Dollar persists negative sentiments, as the majority of traders prefer to sell the pair. Currently there are 71% of short positions. Placed orders market has 65% of orders ready to sell the kiwi.
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