© Dukascopy Bank SA
"The New Zealand economy is doing better than anywhere. We are seeing inflows from US, Europe and Japan and now seeing it from Australia."
- Rankin Treasury Advisory (based on The New Zealand Herald)
Pair's Outlook
Earlier today pair touched the weekly and monthly PP where it received a bearish impetus and has dropped by 102 pips since then. Technical indicators, however, point at appreciation of the pair. Due to the cluster of levels around 0.84 and pairs behaviour few weeks ago when it dipped below 0.84 there is a high probability of such turn of the events.
Traders' Sentiment
Bulls account for mere 27% of market participants as share of bears in the market increased by 2% since yesterday. It seems that all of this increase came from triggering pending orders as share of short pending orders decreased by 3% and at the moment is at 58% gauge.
© Dukascopy Bank SA