"With little domestic economic news scheduled, traders will likely look for offshore events to drive the direction to the kiwi."
— Business Desk (based on New Zealand Herald)
Pair's outlook
During the first half of Tuesday's trading session the New Zealand Dollar fluctuated around the 100-day SMA against the US Dollar. It seems that the currency exchange rate has exhausted its surge, as indicated by the upper Bollinger band being bent in the recent trading sessions. This might be just a period of consolidation before the continuation of the surge. It is most likely that the next reached resistance will be the 200-day simple moving average at the 0.7108 level.
Traders' sentiment
SWFX traders have not changed their opinion regarding the pair since Friday, as 52% of open positions are short. Meanwhile, trader set up bullish orders have returned to Friday's level after slightly increasing, as 55% of them are to buy.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | -4% | -4% | 12% | |
| Orders | 14% | 10% | 10% | |
| 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 | ↗ | ↘ | ↘ | |