NZD/USD spikes on both sides

The kiwi was rather volatile during today's trading session, as the price made spikes on both sides, reaching the monthly S3 at 0.8059 and 0.8127. Considering further movement, the current situation is rather vague, as trading sentiments usually change directly with respect to macro news from major world's economies. The most important resistance level is at 0.82, which is not only a psychological level, but is also formed by the monthly S2 and weekly R1.

Investors' sentiments are almost neutral towards the pair, since the bearish side has only a minor advantage over the bullish one, amounting to 53%. Pending orders segment is heavily bearish with 70% of orders waiting to sell the New Zealand Dollar against the buck.