NZD/USD adds to gains

Due to its recent bullishness, NZD/USD is testing the resistance at 0.8080/72 at the moment. Still, it should soon lose the upward momentum either around 0.8105 or at slightly higher levels, though before the currency pair reaches 0.8200/0.8183—the highs and lows that previously were topical in 2008 and early 2013. Once the sell-off sets in, the rate is expected to re-test the trend-line at 0.7750 and possibly even visit the lows seen in 2011 and 2012.

While NZD/USD is confidently climbing higher and higher, the difference between the supporters of bullish (43%) and bearish (57%) currency pair's behaviour in the future has widened since the last report in favour of the latter. Concerning the pending orders, 60% of them are to buy and 40% are to sell the kiwi.