"The greenback is still set to end the week as the weakest major currency."
— Action Forex (based on investing.com)
Pair's outlook
At the middle of Friday's trading the New Zealand Dollar was at the same spot, as the day began, against the US Dollar. However, the currency pair did fluctuate in a certain range. The pair was bouncing between the weekly PP at 0.6877 from the downside, posing as a support, and the 20-day SMA at 0.6906. The 20-day SMA has proven itself as a strong resistance, which has been gradually, with one exception, pushed the rate lower. Due to that it can be expected that it will force the pair lower in the near future. That can be expected, if there are no other fundamental events.
Traders' sentiment
Traders continue to be bullish, in regards to the Kiwi. Traders open positions are 54% long, and 65% of pending commands are to buy.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 8% | 16% | 10% | |
| Orders | 30% | 34% | 32% | |
| Indicator | 1D | 1W | 1MN | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Neutral | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Buy | 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 | ↘ | → | → | |