© Dukascopy Bank SA
© Dukascopy Bank SA
"Sentiment continues to remain at robust levels, further reinforcing an expectation of a sharp pick-up in the pace of quarterly growth over the second half of 2013."
- First NZ Capital (based on the Wall Street Journal)
Pair's Outlook
Pair dipped to October low, but bounced form it and at the moment is trading slightly above the 55-day SMA. It should keep the pair supported for some time and only solid close below the 200-day SMA could neutralise this bullishness and send the pair trailing to 0.800. In order to see a recovery of the pair it should peak above the 20-day SMA.
Traders' Sentiment
Kiwi one of the most sold major currencies across the board which weighs rather heavy on the market sentiment—74% of traders hold short positions on the pair. Clear majority (65%) of pending orders, however, remain in favour of the bulls.
© Dukascopy Bank SA
© Dukascopy Bank SA