"The Kremlin has said Tillerson would not meet Putin during this trip, although some Russian media have reported that such a meeting may nevertheless take place."
— Steve Scherer and Andrew Osborn (based on Reuters)
Pair's Outlook
During the first half of Wednesday's trading session the New Zealand Dollar finally fell against the US Dollar. It occurred exactly as forecasted before. As soon as the currency exchange rate began a session exactly at the long term down-trend line, the pair began to plummet. By the middle of the day the lower Bollinger band at 0.6924 was bent downwards and passed. The currency pair was heading to the weekly S1, which was located at the 0.6906 level. It is most likely that that support level will be reached by the end of the day.
Traders' Sentiment
Traders remain bullish, as 63% of open positions are long. In addition, 55% of set up orders are to buy the New Zealand Dollar.
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