NZD/USD indecisive market

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 41% 36% 12.20%
Shorts 59% 64% -8.47%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Sell Neutral Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

Even though the New Zealand Dollar has increased its trading range against the US Dollar during the previous trading session, the pair failed to make any substantial movement. 

During the end of the European trading session, the exchange rate is bouncing around the weekly S1 at 0.7248 and the S2 at 0.7193. 

Everything being equal, there are likely two scenarios that might occur during the next trading session. First, the kiwi might reverse from 0.7248 to beach the lower boundary. Second, to move north to find resistance at the monthly PP at 0.7293.

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