NZD/USD technical analysis: Buyers aim for 3-week old resistance-line at 0.6560

• Gradually rising RSI and fundamental strength portray brighter chances of the pair’s upside.
• Near-term resistance-line and broad USD strength can question optimists.

With the positive fundamentals joining an uptick from oversold RSI levels, the NZD/USD pair currently aims to conquer 3-week long trend-line resistance as it trades near 0.6540 ahead of Europe open on Monday.

Should the pair manage to cross 0.6560 resistance-line, it can then target 0.6580 and 50% Fibonacci retracement of the present month moves around 0.6600.

During the quote’s additional rise past-0.6600, 0.6655 and 0.6690 could flash on bulls’ radar as landmarks.

Meanwhile, 0.6525 and recent low surrounding 0.6510 may offer immediate support to the pair, a break of which highlights 0.6500 round-figure for sellers.

Additionally, October 2018 bottom near 0.6425 might become bears’ favorite in a case of further downside under 0.6500.

NZD/USD 4-Hour chart

Trend: Positive