"The NZD tops the leaderboard, on a day with little economic data or fresh insights."
— Jason Wong, Bank of New Zealand (based on New Zealand Herald)
Pair's outlook
The recent movements on the NZD/USD pair are most likely fundamental. The reasons for such a hypothesis are various. First of all, there are no data publications occurring in the US. Secondly the New Zealand economy is firmly strong and unchanged. Third is the technical aspect of the upper Bollinger band being bent to the upside. However, from a technical perspective the currency exchange rate faces the combined resistance of the 100-day SMA at 0.7058 and the weekly R3 at 0.7066.
Traders' sentiment
SWFX traders are almost neutral in regard to the pair, as 52% of open positions are long, and 54% of set up orders are to buy.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 4% | 16% | 8% | |
| Orders | 8% | 26% | 30% | |
| 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) | Sell | Neutral | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Neutral | Sell | Sell | |
| SAR (0.02; 0.2) | Buy | Sell | Buy | |
| Aggregate | → | → | → | |