© Dukascopy Bank SA
"In reality QE3 is not a done deal. A lot of the strength of Asian currencies has been around QE3. […] Kiwi led the way lower overnight."
-Alex Sinton, ANZ New Zealand (based on Nez Zealand herald)
Pair's Outlook
Pair rebounded from Fibonacci retracement at 0.7966 and tried to advance above 200 day SMA today. However, double top pattern's momentum should push pair back below 80 cent mark.
Traders' Sentiment
Trader sentiment is deviating not far from 50% (+/-2%) gauge for two weeks now. Share of pending sell orders hasn't changed a bit since yesterday and remains at 65% mark.
© Dukascopy Bank SA