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- FxPro (based on MarketWatch)
Pair's Outlook
Recent performance of NZD/USD could be hardly called univocal and steady, with candles having significantly varying sizes and different directions. Nevertheless, the general trend is bullish and it is expected to be maintained at least until 0.8492/53 is attained. Once this level is overcome, there will be no formidable resistances up to 0.8774.
Traders' Sentiment
While the U.S. Dollar is one of the most frequently acquired currencies in the SWFX marketplace, the kiwi is one of the least preferred, merely in 29% of cases on average. Consequently, 71% of traders have entered short on NZD/USD positions. The ratio between buy and sell orders is 31% to 69%, respectively.
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