Note: This section contains information in English only."The month ahead could see NZD/USD extending beyond 75 US cents (the September high) if the US dollar continues to register disappointment in the Trump administration's policies."
– Imre Speizer, Westpac Banking Corp (based on New Zealand Herald)
Pair's Outlook
[ANNOUNCE]As forecasted previously, the New Zealand Dollar showed its weakness against the Greenback in the last 24 hours.[/ANNOUNCE] By the middle of Friday's trading session the currency exchange rate had retreated and touched the monthly PP, which is located at the level of 0.7184. During the recent decline the currency exchange rate revealed the upper trend line of a descending channel pattern. If the rate sticks with the pattern, it is set to pass the monthly PP and move lower to the support cluster below it near the 0.7130 level.
Traders' Sentiment
SWFX trader sentiment remains bearish, as 54% of trader open positions are short. In the meantime, 51% of trader set up orders are to buy the New Zealand Dollar.
Fri, 17 Feb 2017 14:01:37 GMT
Source: Dukascopy Bank SA
– Imre Speizer, Westpac Banking Corp (based on New Zealand Herald)
Pair's Outlook
[ANNOUNCE]As forecasted previously, the New Zealand Dollar showed its weakness against the Greenback in the last 24 hours.[/ANNOUNCE] By the middle of Friday's trading session the currency exchange rate had retreated and touched the monthly PP, which is located at the level of 0.7184. During the recent decline the currency exchange rate revealed the upper trend line of a descending channel pattern. If the rate sticks with the pattern, it is set to pass the monthly PP and move lower to the support cluster below it near the 0.7130 level.
Traders' Sentiment
SWFX trader sentiment remains bearish, as 54% of trader open positions are short. In the meantime, 51% of trader set up orders are to buy the New Zealand Dollar.