NZD/USD has had some falls but is expected to resume the bullish trend

The kiwi has had a week very bearish, but it is very likely that this pair found support at current levels and resume the bullish trend.

The NZD/USD has fallen to the weekly pivot at the level of 0.8235, which is close to the monthly pivot at 0.8228 level. If this pair takes a bullish rebound at current levels, it is expected to rise to the resistance level at 0.8338 in the medium term. Moreover, if this pair does break the support at the level of 0.8228, it is expected to fall to the level of 0.8154.

The MACD indicator is still in positive territory and NZD/USD remains above the 200 SMA.

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