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NZD/USD trades range bound on the day "0.6680/53", likely taking a breather after two consecutive sessions of gains.
- The pair held support at 0.6500 in Monday's trade and edged higher to break and close above trendline resistance at 0.6568, furthering scope for more gains
- A broader rally might ensue, bulls could target 0.6720 (61.8% Fibo retracement of 0.6897- 0.6428 fall)
- Daily techs point North, but monthly chart leans bearish and Daily Stochs are at oversold, so some caution advised
- The pair is currently trading at 0.6660, with immediate resistance at 0.6713 (Oct 29 high) and support on the downside at 0.6601 (5 DMA), breaks below 0.6600 could see some weakness, dips till 0.6550 then likely
