© Dukascopy Bank SA
"If ever there was further evidence required that the NZ economy has indeed hit the floor running, then look no further than today's third quarter unemployment data."
- CMC Markets (based on The Wall Street Journal)
Pair's Outlook
After being range bound for almost two weeks pair broke out, advanced above the 20-day SMA and at the moment is aiming at weekly R2 at 0.8404. Dip back below 0.8334 would neutralise most of this bullishness. Advance above September high at 0.8436 would put October high at 0.8541 on the map.
Traders' Sentiment
No change can be observed in the market sentiment. 67% of all traders hold short positions on the pair. Overwhelming majority (70%) of pending orders, however, remain set to go long on the pair.
© Dukascopy Bank SA