NZDUSD still with an intraday downside-risk

NZDUSD is currently trading in favor of the bearish bias, looking it into an intraday outlook at H1 chart.

For now, we could say the 200 SMA on this timeframe is offering some kind of dynamic support and because of it, the Kiwi could perform a rebound and rise until the daily pivot point level of 0.7512.

By the other side, if the bearish bias achieves in become the strongest, NZDUSD could find bottom at the support zone of 0.7425.

MACD indicator is entering into negative territory.

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