© Dukascopy Bank SA
- Rabobank (based on CNBC)
Pair's Outlook
For the time being 0.8332/21 (monthly PP and 55-day SMA) provides sufficient support for the currency to stay afloat, indicating that a rally up to the monthly R1 at 0.8478/72 still remains a viable option. Nevertheless, the risks are skewed in favour of a down-leg to the long-term moving average and the lows of the last quarter of 2012 between 0.8150 and 0.8100.
Traders' Sentiment
Among all the currencies the New Zealand Dollar is the least attractive one—across its pairs only 25% of positions suppose appreciation of the Kiwi. In NZD/USD this percentage is above the average—at 28%, but nonetheless is greatly decreased comparative to the other currencies.
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