NAB discusses NZD/USD technical outlook and flags a scope for a bullish breakout targeting 0.6650/70.
"The interim uptrend is yet to break the downtrend structure in play since Q4 2018. This requires a break above 0.6451. Such a break will expose 0.6480 / 0.6500 resistance, above which the MT uptrend should prove its sustainability," NAB notes.
"We anticipate a test of key resistance levels in the 0.64500/00 range. A break should set up a test of trend channel resistance around 0.6650/70," NAB adds.