NZD/USD falls on Monday and regains amid Tuesday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The New Zealand dollar fell during the day on Monday, as we continue to see a run to the US dollar overall. However, this is a marketplace that is actually fairly bullish overall, so I think that sooner or later we could find some type of buying pressure just underneath."  
– based on FX Empire 

Pair's Outlook 
The New Zealand Dollar lost all Friday's gains on Monday, as it fell from 0.7306 to 0.7220 during Monday's trading session. However, the Kiwi has regained its losses against the US Dollar in the middle of Tuesday's trading session, as it has surged from 0.7220 to 0.7303 by 11:00 GMT. If the rate continues to surge, it is set to meet a cluster of resistance provided by the weekly and monthly first resistances respectively at 0.7386 and 0.7376. A surge is also supported by the daily aggregate technical indicators.  

Traders' Sentiment 
SWFX traders for the sixteenth session are majorly bearish, as 74% of open positions are short. In the meantime, pending orders in the 100-pip range are 55% long.
© Dukascopy Bank SA
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