© Dukascopy Bank SA
- HiFX (based on The Telegraph)
Pair's Outlook
NZD/USD pair is in the middle of the lower part of Bollinger band, as the pair unsuccessfully attempted to breach the 20-day SMA last week. Today the price is traded with a negative perspective, as weak China's manufacturing data increased pressure on commodity currencies, including the kiwi. The pair made a spike to a 0.8365 level, where the 55-day and 100-day SMA merge into a reasonable support.
Traders' Sentiment
The authority of an opened positions market belongs to bears, as the sell side possesses 70%. Pending orders segment is close to an equilibrium, as 52% of orders are place to buy the New Zealand currency.
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