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- Credit Agricole (based on MarketWatch)
Pair's Outlook
Similarly to AUD/USD, this particular currency pair is trading sideways and does not demonstrate any strong signals for now. According to technical indicators, we may anticipate continuation of a long-term up-trend, but the price has repeatedly failed at 0.8476/53, which biases towards a belief that if NZD/USD is to climb higher, it should happen after one-two months.
Traders' Sentiment
Being that on average attitude towards the NZD is negative (bough in 31% of cases) and towards the USD is positive (bought in 62% of cases), there is a pronounced advantage of bears in NZD/USD, who take up 73% of the market, over bulls (27%). Orders currently do not suggest a specific scenario, as the ratio between buy and sell orders is 55% to 45%, respectively.
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