OVERVIEW: The pair fails to carry the intraday high in the market. The pair got the pullback after retracement of the level of 0.6746 in the market. The kiwi pair drops down its value from the Friday times . The potential 200 SMA rejects to travel below the pair in the market . The short term sellers can enter in the market for the intraday basis. In the NZD/USD bears are remains active in the market till level 0.6700 the sellers should hurry up to take trade towards the selling side in the market . After that we can see again bounce back from the support level in the market . The bears are showing their full volume in the market and the momentum is towards the sell side in the market.
Technicals: we can say that market makes the bearish side move in the market , as the trend in towards the downside in the market and the sellers are in strong favour of the market . we can also see the bearish crossover in the market in MACD , the potential 200 SMA is giving support in the market as the market falling we can see on the intraday basis .
