NZD/USD breaks last week's low

Today the pair performed interesting moves in the market, as the price dropped sharply to a previous low at 0.8007 and instantly reversed the loss. Subsequently it has even entered a profitable zone. Currently the pair is traded just beneath a 0.81 benchmark, the level that could not have been overcome for the whole week. Also, technical indicators deliver oversold signals, as the RSI has a value of 32.

SWFX marketplace is bullish today, as there are 53% of long positions opened in the market. Traders expect to see exactly the same recovery as in the Aussie. Pending orders segment is opposite, as the vast majority of orders (65%) are placed to sell the kiwi.