Note: This section contains information in English only."The New Zealand dollar continued enjoying an improving market mood but eventually reversed course and slid back down. GDP and milk prices stand out."
– based on Forex Crunch
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar depreciated against the US Dollar for the fourth consecutive session in midday on Monday, as the currency exchange rate was trading at 0.7103 by 11:30 GMT.[/ANNOUNCE] During the session, the pair touched the monthly PP at 0.7069 at 00:00 GMT, but it rebounded afterwards. It is most likely, that the pair will move upwards to the 38.20% Fibonacci retracement at 0.7145, and afterwards it will fall back to the monthly PP. In addition, daily aggregate technical indicators also forecast a surge for today.
Traders' Sentiment
Traders continue their bearish sentiment with the start of a new week, as 73% of open SWFX positions are short on Monday. In the meantime, pending orders in the 100-pip range are 66% short.
Mon, 18 Jul 2016 14:10:03 GMT
Source: Dukascopy Bank SA
– based on Forex Crunch
Pair's Outlook
[ANNOUNCE]The New Zealand Dollar depreciated against the US Dollar for the fourth consecutive session in midday on Monday, as the currency exchange rate was trading at 0.7103 by 11:30 GMT.[/ANNOUNCE] During the session, the pair touched the monthly PP at 0.7069 at 00:00 GMT, but it rebounded afterwards. It is most likely, that the pair will move upwards to the 38.20% Fibonacci retracement at 0.7145, and afterwards it will fall back to the monthly PP. In addition, daily aggregate technical indicators also forecast a surge for today.
Traders' Sentiment
Traders continue their bearish sentiment with the start of a new week, as 73% of open SWFX positions are short on Monday. In the meantime, pending orders in the 100-pip range are 66% short.