NZD/USD steps above the weekly PP

NZD/USD stepped higher for a third trading session in a row, as the pair closed above the weekly PP level at 0.8247 yesterday. In case a recent settlement above the 200-day SMA is sustainable and a bullish impetus is in the lead as well, the closest resistance will be located at 0.8301/0.9322, where the 20-day and 100-day SMAs lie.

Traders maintain the same proportion of buy and sell positions in the market, as 26% are long and 74% are short. Pending orders segment is skewed to the bearish side with 66% for sell positions and only 34% for buy.