Note: This section contains information in English only."The New Zealand dollar rose to its highest level against the British pound in decades as the governing Conservative party said it would focus on controlling immigration."
- based on NZ Herald
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar was almost flat by midday on Tuesday against the US Dollar, as the currency exchange rate kept trading in a limbo around the weekly pivot point, which is located at 0.7282.[/ANNOUNCE] Previously, on Monday the currency pair did the same, as it bounced around the weekly PP. However, there is a major difference, if the two trading sessions are compared, as by mid-Tuesday the pair had been more volatile to the upside, not downside like on Monday. In the meantime, daily aggregate technical indicators forecast a fall of the rate by the end of the day.
Traders' Sentiment
SWFX trader sentiment remains bearish, as 66% of open positions are short. In the meantime, 68% of set up orders are to sell the Kiwi.
Tue, 04 Oct 2016 13:48:04 GMT
Source: Dukascopy Bank SA
- based on NZ Herald
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar was almost flat by midday on Tuesday against the US Dollar, as the currency exchange rate kept trading in a limbo around the weekly pivot point, which is located at 0.7282.[/ANNOUNCE] Previously, on Monday the currency pair did the same, as it bounced around the weekly PP. However, there is a major difference, if the two trading sessions are compared, as by mid-Tuesday the pair had been more volatile to the upside, not downside like on Monday. In the meantime, daily aggregate technical indicators forecast a fall of the rate by the end of the day.
Traders' Sentiment
SWFX trader sentiment remains bearish, as 66% of open positions are short. In the meantime, 68% of set up orders are to sell the Kiwi.