© Dukascopy Bank SA
- Westpac Banking Corp. (based on TVNZ)
Pair's Outlook
The New Zealand Dollar moves along with the Australian Dollar and depreciates towards last week's low at 0.8005. Since investors have a lot of concerns about the economies in both countries, a capital outflow might last longer or even create a snowball effect, as many traders may get margin calls. The closest support is at 0.7994, where the weekly S1 is located.
Traders' Sentiment
SWFX marketplace is almost neutral with respect to the pair, since bulls have 48% and bears 52% of opened positions. However, pending orders segment is heavily skewed towards the bearish side with 74% of orders waiting to sell the kiwi.
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