NZDUSD getting favored by the bears force on intraday charts

The H1 chart is already showing a strong bearish bias in the short and medium term for the NZDUSD.

Also, the 200 SMA is doing a dynamic resistance over this pair and we should see a strong pullback there, towards the daily pivot point level of 0.7444.

If the Kiwi does a breakout on that zone, it could fall until the support level of 0.7399 and the bearish trend could remain strong for several days more.

The MACD indicator is still at positive territory.

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