NZD/USD chart - Trading View
NZD/USD was trading 0.48% higher on the day at 0.7282 at around 07:30 GMT, after closing 1.03% higher in the previous session.
The pair is extending break above 200 month MA and has hit new 33-month high at 0.7288.
Latest PMI data from China which indicated that services activity growth slowed in December had little impact on the antipodean.
Broad-based U.S. dollar weakness amid vaccine hopes and expectations of Democratic victory keep scope for upside in the pair.
Technical studies are strongly bullish. Price action is on track to test next immediate resistance at 0.7320. Further bullish momentum could carry prices to 2018 high at 0.7437.
On the flipside, supports align at 0.7217 (5-DMA), 0.7189 (200 month MA) and 0.7123 (21-EMA). Retrace below 110-EMA could see major weakness.
