NZD/USD has consolidated above the 200 SMA with a bullish pattern

The Kiwi remains above the pivot point at the level of 0.8495 and now, the next target is the resistance level of 0.8552.

If the pair manages to make a breakout at that level, the next target would be the resistance level of 0.8581. On the other hand, if this pair makes a bearish rebound at current levels, the next target would be the pivot point in the level of 0.8495. However, the NZD/USD remains above the point of control at the level of 0.8466.

The MACD indicator remains in positive territory, so the bullish outlook remains alive.

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