"The New Zealand dollar fell after the Organisation of Petroleum Exporting Countries agreed to extend production curbs that didn't go as far as the market had expected."
— Jonathan Underhill, New Zealand Herald
Pair's outlook
During the first half of Friday's trading session, the Kiwi scored gains against the Greenback, as even positive fundamental data published in the US could not stop the surge. The currency pair has broken through a resistance cluster near the 0.7060 mark, which is made up of the upper Bollinger band, the 100-day SMA and the weekly R3. It is most likely that the Kiwi heads for the next resistance level and score additional gains, as the closest significant level is at the 0.7110 mark, where the 200-day SMA was located at on Friday.
Traders' sentiment
SWFX traders have changed their opinion regarding the pair, as 52% of open positions are short, compared to 56% long positions on Thursday. Meanwhile, trader set up orders are unchanged, as 55% of them are to buy the Kiwi.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -4% | 12% | 8% | |
| Orders | 10% | 10% | 6% | |
| 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 | ↗ | ↘ | ↘ | |