NZD/USD's outlook is bearish

The currency pair continues to move contrary to the direction shown by the technical indicators. NZD/USD has just violated the up-trend support and at the moment is testing the weekly S1. Once this level gives in, the pair will be able to fill the empty from notable marks space from 0.8423 to 0.8362/58. If bears remains in control after such a move, 0.8310/0.8297 and 0.8284/79 are likely to become subsequent targets.

NZD/USD currency pair is the one to behave in accordance with the general sentiments of traders, a substantial majority (72%) of whom anticipate development of a bearish trend. Orders, however, do not add to the understanding of the current situation, 48% of them are buy ones and 52% are sell ones.