"Internationally Thursday morning's FOMC meeting minutes will be scrutinised by investors for clues on the timing of the next rate move."
— HiFX traders (based on New Zealand Herald)
Pair's outlook
Since January 31 the NZD/USD currency exchange rate has been going lower by being pushed by a resistance put up by a long term down-trend line. On Monday that line was broken, as the currency exchange rate managed to surge to levels just below the 0.70 mark. It is most likely that the surge will continue after a short period of a retreat, during which a consolidation will take place, as market participants might take profit.
Traders' sentiment
SWFX traders continue to be bullish in regard to the pair, as 58% of open positions are long. In addition, 63% of trader set up orders are to buy the Kiwi.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 16% | 8% | 16% | |
| Orders | 26% | 30% | 34% | |
| 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) | Buy | Sell | Buy | |
| Aggregate | → | → | → | |