© Dukascopy Bank SA
Many in the market expect the kiwi to climb to around $0.8400-$0.8500 in the first half of 2013, before easing back in the second half.
- Reuters
Pair's Outlook
After being range bound for a few days pair tried to pick up, but received a consecutive bearish impetus, just from different level, and dipped 50 pips already and it does not seem that pair is planning to slow down anywhere till 0.815. However, even after hitting Bollinger band it is rather questionable if it will boost the pair higher or just will slow it down a bit.Traders' Sentiment
Traders became slightly more bullish towards the pair, but 70% of them still hold short positions on the pair. Ina addition, 90% of all ponding orders are to go short pointing at further domination of bears in the market.
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