Investors’ spirits deteriorated markedly. They are worried because of its inability to find the bottom that can be a symptom of chronic weakness in global demand – stated the New Zealand Herald agency.
NZD / USD prospects
Last Wednesday the pair NZD / USD approached the 0.79 level, and lost an upward trend, falling to the level of 0.7754. Daily and weekly indicators still point to the prospects for reducing prices. Most likely, the New Zealand dollar drop to a monthly S1, reaching 0.7687. Previously was predicted that the NZD / USD pair bounces up to the last maximum of 0.7976. As long as it remains above the monthly S1, this possibility is actual.
Traders’ spirits
On SWFX market, traders’ spirits to NZD / USD remain neutral. Still, 51% of the market participants are in a long position. The number of pending sell orders increased, reaching 57%, stated Dukascopy experts (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
