"Markets did a bit of there-and-back on the release of the Fed's minutes."
— Cameron Bagrie, ANZ Bank New Zealand (based on New Zealand Herald)
Pair's outlook
The New Zealand Dollar has encountered resistance against the US Dollar, as the 100-day SMA has pushed the pair lower. However, the decline was already expected, as the upper Bollinger band was being bent for the past three days, and after the recent fundamental events a period of consolidation was to be expected. Although, by the middle of Thursday's trading session the pair had not even retreated to a notable support cluster on the daily chart. It indicates at the fact that the surge might resume after all.
Traders' sentiment
SWFX market participants are increasing their bullishness. It can be seen that both open long positions and trader set up buy orders are increasing. Namely, 56% of open positions are long, and 55% of orders are to buy.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 12% | 8% | 4% | |
| Orders | 10% | 6% | 8% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Buy | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| ADX (14) | Neutral | Neutral | Neutral | |
| CCI (14) | Sell | Neutral | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Buy | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | ↗ | ↘ | ↘ | |