© Dukascopy Bank SA
- BNP Paribas SA (based on Bloomberg)
Pair's Outlook
An encounter with the support at 0.8126/05 on Nov 29 caused NZD/USD to open 50 pips above its last open price. Surprisingly, the currency pair did not gravitate towards the support today in order to close the gap, instead it extended the gains and at the moment is testing 0.8182/70, which should be breached together with 0.8203/00 for the pair to reinstate the bullish outlook.
Traders' Sentiment
Most of the traders in NZD/USD are convinced that the price will not be able to recover—70% of them are holding short positions, expecting the exchange rate to maintain the downward direction. Meanwhile, the ratio between the buy and sell orders set on the pair is 35% to 65% respectively.
© Dukascopy Bank SA