NZD/USD chart - Trading View
NZD/USD was trading 0.26% lower on the day at 0.7128 at around 12:00 GMT.
The major is extending a corrective slide from multi-year highs at 0.7171 hit on Thursday's trade.
Earlier in the day, the data from New Zealand showed that the ANZ Business Confidence in December improved sharply to 9.4 from -6.9 in November. Further, the ANZ Activity Outlook surged to 21.7% from 9.1%.
Nevertheless, the kiwi largely ignored upbeat New Zealand data. The pair slipped lower on modest U.S. dollar rebound.
Technical indicators are bullishly aligned. But the pair finds strong resistance at 200M MA at 0.7180.
Momentum studies are bullish, and rising volatility to drive prices higher. Next bull target lies at 88.6% Fib at 0.7320.
