© Dukascopy Bank SA
- Cameron Bagrie, ANZ Bank New Zealand (based on New Zealand Herald)
Pair's Outlook
Nothing – is the proper word to describe what had happened with the NZD/USD currency exchange rate by the middle of Thursday's trading session. The Kiwi opened the session at the 0.69 mark against the Greenback. By the mid-Thursday the pair had fluctuated around the mark for some time and returned back to it, as it seems to be unable to break free from the monthly S1, which is located at 0.6903. However, the lower Bollinger band has moved lower, and with it a way further below has opened.
Traders' Sentiment
SWFX sentiment remains largely bearish, as 68% of open positions were short on Thursday. In the meantime, 65% of trader set up orders were to sell the Kiwi.
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