NZD/USD rises to 0.7853

It is easier to imagine NZD/USD lower than the present levels in the future than higher. A number of strong resistances, including 0.7853 and 0.7902, should resume putting considerable pressure on the kiwi once its rebound from 0.7716/0.7685 comes to an end. In an unlikely case, when the falling resistance gives in, there is even more supply at 0.8161/17 to hamper pair's endeavour to climb higher.

Most (61%) of the traders are bullish towards NZD/USD, reckoning that the currency pair has already bottomed out and should now be able to commence a leg up while being underpinned by the nearest supports. Concerning orders, there is no difference in numbers between the buy and sell ones, both of them have equal shares.