© Dukascopy Bank SA
"We lack the ability to sustain intervention and even those who have it rarely succeed. Producers would have to improve productivity."
-Bill English, New Zealand deputy prime minister (based on Financial Times)
Pair's Outlook
Pair continues to depreciate after forming a second peak in Double Top pattern, but is slowed down by 200 day SMA and weekly S1 as it approaches patterns support at 0.8037 which the pair should try to breach in the nearest future.
Traders' Sentiment
Trader sentiment is deviating not far from 50% (+/-2%) gauge for the second week already. In addition, perfectly the same number or traders have posted buy and sell orders. .
© Dukascopy Bank SA