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"The U.S. budget standoff has probably contributed to the Aussie coming off a little. I'm not overly convinced that both currencies (NZD and AUD) are going to continue moving up against the U.S. dollar."
- Royal Bank of Scotland (based on Bloomberg)
Pair's Outlook
In the middle of the session pair demonstrated a 40 pip dip and although it ahs been recovering ever since weekly R2 and Bollinger band are keeping the pressure on. From the readings of technical indicators it becomes rather probable we will see quite a few choppy session at the beginning of the next week while medium term outlook suggests that pair will eventually return below 0.84.
Traders' Sentiment
Short traders continue holding overwhelming majority of open positions on the pair (74%). However, this ration might change a bit any time soon as 62% of pending orders are to go long.
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