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- Rabobank International (based on Bloomberg)
Pair's Outlook
NZD/USD currency pair has not changed much since the last time of writing, the most what it has done is reaching the major level at 0.79. The daily and technical levels are still bearish, suggesting that the pair is more likely to dip below the weekly PP at 0.7845 than to test the 0.79 mark again. Nonetheless, we would not be that sure, as to our mind the 0.78 is very reliable for now and it should keep the pair supported above the level.
Traders' Sentiment
The amount of bullish and bearish traders is completely identical for the time being. Concerning the orders placed 50 pips from the spot, there are now significantly more commands to sell—87% compared to Monday's 73%.
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