NZDUSD brushing up to a very long term trend line.
The recovery in the NZDUSD has been nothing short of spectacular the last few months, and now the pair is challenging a trend line which has been in existence since 2014, which was also tested in 2019 and twice this year. In addition, the horizontal resistance at the .6580 level has managed to cap the rally as well. A breakout above the .6600 level would be very bullish for the pair, but the RSI divergence is also a warning for the bulls that the trend line may not break, at least not yet.
