© Dukascopy Bank SA
- Finance Minister Bill English (based on stuff.co.nz)
Pair's Outlook
NZD/USD has strengthened its positions above the 0.78 level since yesterday, with a test of the weekly R1 at 0.7869. However, for now the pair remains to trade below this level. Nevertheless, it remains the short-term target; despite the shorter term technical studies that are pointing to the south. In case the Kiwi's bulls manage to push the pair above the weekly R1, then most likely there will be an attack towards the 0.79 mark.
Traders' Sentiment
The traders' sentiment slightly bullish, with 51% of the market participants favouring the New Zealand's currency. Concerning the orders placed 100 pips from the spot, there are now less commands to sell—60%, after yesterday's 72%.
© Dukascopy Bank SA