NZD/USD gains

NZD/USD sharply appreciates since yesterday, as the price was below the weekly PP level at 0.8472, but found bullish momentum and advanced towards the major resistance at 0.8534. The pair is in a difficult situation, as it is just above the major long term level at 0.8477, but is still influenced by positive market sentiments and preferences to buy risky assets. Potential resistances are located at 0.8587, where the weekly R1 is positioned, and at 0.8619, the upper Bollinger band.

Bears have 73% of all opened positions in the market, perfectly matching global investment sentiments and direction of the current movement. Waiting orders segment is bearish, since there are only 34% of buy orders.