© Dukascopy Bank SA
- Bank of New Zealand (based on TVNZ)
Pair's Outlook
In the last trading session of the current week the kiwi also experiences bearish sentiments and executes a counter-move for a recent weeks' upside trend. The pair returned back into the Bollinger band, while yesterday the whole candle was outside the corridor. The price is stopped by a resistance at 0.8545, which is based on the weekly R3 and the monthly R2.
Traders' Sentiment
Current traders' sentiments perfectly reflect today's move, as the vast majority of positions, 72%, are short and exploit pair's depreciation. Waiting orders segment is bullish with 60% of orders willing to buy the New Zealand Dollar and proceed the previous appreciation further.
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