NZD/USD slides from 0.82

The kiwi is traded as a reflection of the Australian Dollar, thus today it is dominated by bearish sentiments as well. NZD/USD reached out for a 0.82 level at the beginning of session, but was pushed lower by bears. The closest support level might be found only around a 0.8015, where the Bollinger band intersects the weekly S1. However, in current situation it would be more rational to follow market sentiments, as "the money" is deterred by poor condition of the Australian economy.

Bulls and bears move towards an equilibrium, as opened orders are almost equally distributed - 47% of long positions and 53% of the short ones. Placed orders segment is bearish with 60% of orders to sell the kiwi.