NZD/USD is still flat

NZD/USD demonstrates a complete absence of bias towards any of the sides. Additional ambiguity is introduced by the fact that technical indicators are bullish, but on a large scale the pair has just finished the up leg, which implies decline from the current levels. According to forecasts, on the other hand, a bearish outlook prevails, with a notable amount of estimates lying within 0.83 and 0.82 for the next nine months.

In terms of popularity among market participants the New Zealand Dollar does not fall far behind its Australian counterpart, as it was bought in only 29% of cases. Nonetheless, there is a growing number of buy orders being placed on the pair, which presently amount to 59% of the total figure of orders.