NZDUSD still alive with the mid-term bearish outlook

NZDUSD has been trading higher, above the 200 SMA at H1 chart and technically it’s looking to test the resistance level of 0.6676.

The other side, which is the powerful here, is already telling us about a possible lower continuation towards the support level of 0.6592, which is the current pivot point level.

A breakout below that zone, will lead to the Kiwi to test the support around the 0.6540 level. However, he resistance level of 0.6676 could be approached, only if pair break the July 21th high.

MACD indicator is entering at positive territory.

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