NZD/USD hovering below 0.81

Similarly to the aussie, the kiwi had a rather volatile session. It was trading in 165 pip range. Today, however, it is much narrower—no more than 50 pips and has moved from the opening price only by 10 pips. Technical indicators suggest that pair still has the propensity to fall further in the short term. Medium and long term technicals (The Stochastic indicator in medium term and aggregate in long term), however, give indications that we should keep and eye for a bullish attack. 

Although outstanding positions are almost equally divide between the bears and the bulls it seems that bears are preparing to push the pair further down; 62% of pending orders are to sell the kiwi against the greenback.