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NZD/USD chart - Trading View
NZD/USD was trading 0.34% higher on the day at 0.7222 at around 06:00 GMT, extending gains for the 3rd straight session.
The major refreshes the highest level since April 2018 after China’s official activity data for December.
Data released by National Bureau of Statistics (NBS) of China showed December’s Manufacturing PMI eased from 52.4 prior and 52.0 forecast to 51.9.
Meanwhile the Non-Manufacturing PMI rose past-52.4 forecast and 56.4 previous readouts to 55.7.
Technical indicators are strongly bullish. Analysis of GMMA indicator shows major and minor trend are strongly bullish.
Dragonfly Doji formation on the previous week's candle buoys upside. Next major bull target lies at 88.6% Fib at 0.7320.
