"With little domestic economic news scheduled, traders will likely look for offshore events to drive the direction to the kiwi."
— Business Desk (based on New Zealand Herald)
Pair's outlook
[ANNOUNCE] During the first half of Tuesday's trading session the New Zealand Dollar fluctuated around the 100-day SMA against the US Dollar. [/ANNOUNCE] It seems that the currency exchange rate has exhausted its surge, as indicated by the upper Bollinger band being bent in the recent trading sessions. This might be just a period of consolidation before the continuation of the surge. It is most likely that the next reached resistance will be the 200-day simple moving average at the 0.7108 level.
Traders' sentiment
SWFX traders have not changed their opinion regarding the pair since Friday, as 52% of open positions are short. Meanwhile, trader set up bullish orders have returned to Friday's level after slightly increasing, as 55% of them are to buy.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -4% | -4% | 12% | |
| Orders | 14% | 10% | 10% | |
| 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 | ↗ | ↘ | ↘ | |