NZD/USD slides from 0.82

The New Zealand Dollar depreciates together with the Australian Dollar, but not as dramatically. The pair remains above a recent high at 0.8059, but still continues to slide. Currently the price approaches a 0.81 benchmark, but it is unlikely to be a formidable support level. The pair is around a one-year low, and NZD/USD it settles below this, it is probable to see the exchange rate somewhere near 0.7930.

SWFX market is very close to an equilibrium, since bears (51%) have only a minor advantage over bulls (49%), thus it is rather difficult to define a potential direction from the data. However, pending orders market is bearish, since 58% of waiting orders are ready to sell the kiwi on any upside move.