NZD/USD currently strong below the pivot point

The NZDUSD remains very strong in the current bearish trend.

The Kiwi has found resistance at the pivot point level of 0.8575, so it is very likely that this paica Gaiga to support level of 0.8550. If the NZDUSD manages to make a breakout at that level, the next target would be the support level of 0.8530. On the other hand, if the pair manages to make a breakout to the pivot point, the next target would be the resistance level of 0.8595.

This pair remains below the 200 SMA and MACD indicator is in negative territory.

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