© Dukascopy Bank SA
– based on New Zealand Herald
Pair's Outlook
The Kiwi remained almost unchanged by midday on Thursday against the US Dollar. Although, the rate had been more volatile to the upside, and it had reached above the resistance cluster made up of the 55-day SMA at 0.7249 and the second weekly resistance at 0.7255. Previously, on Wednesday the currency exchange rate fluctuated between two clusters, of which the support was stronger, which caused the rate to end the day's trading session higher. It is most likely, that the pair will remain almost unmoved by the end of the day, as it is suggested by SWFX sentiment and technical indicators.
Traders' Sentiment
SWFX traders have increased their bearish sentiment to 60%, compared to 57% on Wednesday. Meanwhile, trader set up orders have become neutral.
© Dukascopy Bank SA