NZDUSD finding dynamic resistance at 200 SMA (H1 chart)

The 200 SMA continues to be a strong dynamic resistance on the NZDUSD at the H1 chart, as the pair is trying to break the support offered by the daily pivot point level at 0.7353.

We could see a bearish structure development on place at this timeframe, because the fractals position are showing us strength from the bearish side. The next support level could be the 0.7298. In the other side, if the bullish road comes again into the scene, the NZDUSD could reach the resistance level of 0.7449, only if it breaks the 0.7394 level to the upside.

The MACD indicator is still at positive territory.

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