NZD/USD is dominated by the bears on intraday charts

The kiwi found strong resistance near the 0.8407 level and now this pair is dominated by the bears.

The NZD/USD is falling below the monthly pivot is located at the 0.8332 level and now, it is likely that this pair fall to support at the 0.8287 level. However, the bullish outlook still alive in this pair, while the NZDUSD remains above the psychological level of 0.8200. On the other hand, if the pair manages to break the resistance at 0.8332 level would be expected to rise to the level of 0.8407.

The MACD indicator remains in positive territory, which strengthens our bullish outlook on this pair.

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