NZD/USD could change its intraday trend

The kiwi is trying to consolidate above support at 0.8317 level

The NZD/USD has made a bullish rebound on the support at the 0.8317 level and now this pair is trying to get back up to resistance level at 0.8348. If the pair manages to break this support level, would be expected to fall to the level of 0.8290, where is located the 200 day moving average. On the other hand, we must bear in mind that this pair could continue to strengthen its current bearish trend, so we must be cautious.

The MACD indicator remains in negative territory and entering extreme oversold zone.

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