NZD/USD bouncing between pivot points

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

Positions Today Yesterday % Change
Longs 47% 45% 4.26%
Shorts 53% 55% -3.77%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Sell Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

The New Zealand Dollar has stopped its decline against the Greenback. The currency exchange rate encountered a brief period of consolidation at the middle of Thursday's trading day.

During the European session, the currency pair was bouncing between pivot points. The monthly PP at 0.7277 was providing resistance while the weekly PP at 0.7259 supported the rate.

Everything being equal, it is likely that the NZD/USD pair could trade sideways during the next 24 hours, as technical indicators flash mixed signals.

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