© Dukascopy Bank SA
- Westpac (based on TVNZ)
Pair's Outlook
NZD/USD rebounded from the weekly S1 level at 0.8005, which was reached during London trading session and was a new low in the on-going downside movement. The price is currently traded around a 0.81 benchmark, but further situation is rather vague, since sentiments towards South Pacific currencies are bearish, while recent news from the U.S. sparked a bullish impetus.
Traders' Sentiment
SWFX market traders found a consensus and possess equal shares of bullish and bearish positions. However, sentiments in pending orders market are slightly bearish with 58% of waiting orders to sell the New Zealand Dollar.
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