"There has been positive re-pricing of risk in favour of the kiwi - a bit of risk-on sentiment across the market."
— Sheldon Slabbert, CMC Markets (based on New Zealand Herald)
Pair's outlook
By the middle of Monday's trading session the New Zealand Dollar had surged against the US Dollar, scoring additional gains, compared to Friday's trading. During the appreciation of the Kiwi the currency pair managed to break the resistance put up by the weekly PP at 0.6910 and the monthly PP, which is located at the 0.6925 level. The mentioned resistance levels began to provide support afterwards. As a result of the just described movements, the rate faced the resistance put up by the 20-day SMA at the 0.6956 level. It is highly possible that this resistance will hold and force the pair lower, as it has done before.
Traders' sentiment
Traders are firmly bullish, regarding the pair, as 60% of open positions are long, and 59% of pending commands are to buy the Kiwi.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 20% | 18% | 14% | |
| Orders | 18% | 28% | 32% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Sell | Sell | |
| ADX (14) | Neutral | Neutral | Neutral | |
| CCI (14) | Neutral | Neutral | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ↘ | ↘ | → | |