© Dukascopy Bank SA
- ANZ Bank New Zealand (based on the New Zealand Herald)
Pair's Outlook
Even though the Kiwi has been the worst-performer among the major currencies for weeks now, this has been especially bad week for NZD/USD bulls. As of today, the pair has dropped below the 0.79 level and it seems that it has lost all of its bullishness, which we witnessed earlier this year. The daily technical indicators have changed from bearish to neutral, thus that could indicate on a slow-down in the current downfall.
Traders' Sentiment
The traders' sentiment has increased slightly since the last time of writing, namely it has reached 59% mark. The gap between the buy (32%) and sell (68%) orders placed 100 pips from the spot is more significant for the time being.
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