NZDUSD trying to consolidate below 200 EMA and 0.8128 level

The MACD indicator is entering negative territory.

The NZDUSD this moving in range below the 200-day moving average in the H1 Chart.

This pair is trying to consolidate below the daily pivot point level of 0.8128, to fall to the support level of 0.8101. If the NZDUSD manages to make a breakout at that level, would be expected to fall until the support level of 0.8049, by what this pair will consolidate in the bearish trend for several days more. However, the NZDUSD could climb up to the resistance level of 0.8161.

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