"The kiwi dollar crashed, falling more than -1.5% as the Reserve Bank of New Zealand (RBNZ) fails to live up to expectations ."
— Dean Popplewell, Market Pulse
Pair's outlook
The Kiwi has fallen as a brick due to comments made by the Governor of the Reserve Bank of New Zealand Wheeler. His comments made the Kiwi retreat against the US Dollar as low as the 0.6820 mark. However, the reaction to the Governors comments was a surprise to Dukascopy researchers rather than the comments themselves, as the central bank had long ago announced that their aims are to keep the NZD/USD pair below the 0.69 mark. It is most likely that there will be a consolidation period after the fall, as short profits are taken. However, later on the decline will continue.
Traders' sentiment
However, SWFX traders are bullish in regard to the Kiwi, as 57% of trader open positions are long, and 68% of trader set up orders are set to buy.
| Sentiment | Today | Yesterday | 5 days ago | |
| Positions | 14% | 2% | 16% | |
| Orders | 36% | 26% | 34% | |
| 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) | Buy | Neutral | Neutral | |
| AROON (14) | Buy | Buy | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Sell | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ↘ | ↘ | → | |