NZD/USD came back to 100-day SMA

For the time being the 100-day SMA is keeping the spot price beneath, implying that the New Zealand Dollar will not appreciate any more. While we would expect NZD/USD to start descending from the current levels, since the pair is already at Jun highs, the outlook will not be changed to a negative one unless the key resistance at 0.8203/00 is violated. Accordingly, a rally beyond the nearest resistances is not ruled out, but should remain contained.

The distribution between the long (45%) and short (55%) positions was not subject to change over the weekend, supposedly due to stability of the price that did not deviate from the Friday's close. Meanwhile, there is a sizeable gap between the buy (20%) and sell (80%) orders.