"If it can run around 70 cents where it is now, maybe a bit lower, that's not a bad balance for New Zealand."
— Bill English, Prime Minister of New Zealand (based on New Zealand Herald)
Pair's Outlook
During the first half of the Wednesday's trading session the New Zealand Dollar surged against the Greenback, as the currency exchange rate approached the 0.70 mark. However, it failed. The currency exchange rate's surge was stopped and reversed by the 20-day SMA, which was located at the 0.6966 level. By the middle of the day the pair had retreated below the monthly PP, which is located at the 0.6925 mark. Due to that reason the range down to the 0.6853 level, where the lower Bollinger band is located at, is free from notable support.
Traders' Sentiment
SWFX traders remain bullish regarding the New Zealand Dollar, as 61% of open positions are long. Moreover, 64% of trader set up orders are to buy the Kiwi.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 22% | 12% | 26% | |
| Orders | 28% | 44% | 44% | |
| 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 | ↘ | ↘ | → | |