"On most USD indices, the big rally in the USD following Trump's surprise election in November has now been fully unwound."
— Jason Wong, Bank of New Zealand (based on New Zealand Herald)
Pair's outlook
By the end of Wednesday's trading the New Zealand Dollar had surged above the strong resistance cluster near the 0.6930 mark against the US Dollar. However, by the middle of Thursday's trading the currency exchange rate had retreated to the middle of the cluster, as it had failed to pass all of the support levels. This was a fundamental move caused by US politics and the decline of the US Dollar. Market participants will watch closely to see, in which direction the pair breaks free from the grips of the cluster of levels of significance.
Traders' sentiment
Traders remain 58% bullish in regard to the pair. Moreover, 67% of SWFX trader set up orders are to buy the Kiwi in favour to the Greenback.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 16% | 10% | 10% | |
| Orders | 34% | 32% | 28% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | Sell | |
| ADX (14) | Neutral | Neutral | Neutral | |
| CCI (14) | Sell | Neutral | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | ↘ | → | → | |