"The New Zealand dollar drifted off a month-high as US President Donald Trump unveiled plans to cut government spending."
— Paul McBeth, New Zealand Herald
Pair's outlook
During the first half of Wednesday's session the Kiwi had marked a green candle against the US Dollar. However, the currency exchange rate was and had traded below the previously gained high level of 0.7047. From a technical perspective the pair might surge above the 0.7050 mark. Although, the currency fluctuations will be caused and dictated by the Federal Reserve, which is set to release its meeting minutes later in the day. In almost any case scenario the rate will ignore the technical levels of significance.
Traders' sentiment
Traders remain with a slightly positive outlook at the pair, as 54% of open positions are long. In addition, 53% of pending commands are to buy the Kiwi.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 8% | 4% | 16% | |
| Orders | 6% | 8% | 26% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Buy | 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) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Sell | |
| Aggregate | → | → | ↘ | |