"The dollar fell for the first time in three days as Federal Reserve Bank of Dallas President Robert Kaplan said he was cognizant U.S. inflation pressures were muted."
— Michael G. Wilson, Bloomberg
Pair's outlook
During the first half of Wednesday's trading session the New Zealand Dollar scored gains against the US Dollar. However, the currency exchange rate had encountered resistance, which had stopped the previous attempts of the Kiwi to rally against the Buck. The resistance was the 20-day SMA, which on Wednesday was located at the 0.6950 mark. If the SMA is broken, the Kiwi will jump to the 0.6980 level, where the next resistance cluster begins. On the other hand the rate might retreat down to the 0.6825 level, where the monthly PP is located at.
Traders' sentiment
Traders are almost neutral, as 51% of open positions are long. However, 63% of trader set up orders are set to buy the Kiwi.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 2% | 16% | 20% | |
| Orders | 26% | 34% | 18% | |
| 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 | ↘ | ↘ | → | |