NZD/USD stranded between SMAs

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 36% 34% 5.56%
Shorts 64% 66% -3.12%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

By the end of Wednesday's trading session, the New Zealand Dollar had extended its gains against the US Dollar and reached a new high level. Namely, the 0.74 mark had been touched. 

However, the pair moved back to the dominant channel after it was stopped by the monthly pivot point level at 0.7420. By the middle of Thursday's trading session pair is stranded between SMAs. 

The pair's movement is indecisive and trying to gather some momentum to move either north or south. Also, the 100— hour SMA is providing support at the level of 0.7320.

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