NZD/USD begins the week’s trading with an upside gap of 12 pips. China’s official manufacturing PMI, released over the weekend, surged to the highest since April. The US-China tussle keeps mum over China’s actual retaliation, phase-one deal. NZD/USD takes the bids to 0.6432 at the start of the week’s Asian trading session on Monday. That said, the pair marks an upside gap of 12 pips while responding to the latest recovery in China’s activity numbers. China’s November month Purchasing Manager Index (PMI) numbers for Manufacturing and Non-Manufacturing activities seem to please the kiwi buyers at the moment as the headlines Manufacturing PMI rose to the highest since April while Non-Manufacturing PMI also came in upbeat. The Manufacturing PMI crossed the 50.0 mark and posted an expansionary figure of 50.0, the highest since April, whereas Non-Manufacturing PMI printed at 54.4 was much better than the previous 52.8. On the other hand, China’s readiness to retaliate over the United States (US) passage of the Hong Kong Act couldn’t accompany the exact measures. Also, talks that the phase-one deal negotiations will not be affected by the political tension gives traders a state of intermediate peace. However, planned tariffs from the US, proposed for December 15, are yet not withdrawn by the Trump administration and hence keep the tension high. While US-China headlines are likely to remain in focus, China’s Caixin Manufacturing PMI for November, expected 51.4 versus 51.7, will also be observed closely after the official numbers’ upbeat performance. “The Reserve Bank of New Zealand (RBNZ) decision on capital will be the domestic focus for the kiwi this week, with offshore events still in the hot seat otherwise,” says the Australia and New Zealand Banking Group (ANZ). Technical Analysis November top surrounding 0.6470 exerts the downside pressure on the quote to revisit the 50-day Exponential Moving Average (EMA) level around 0.6390. However, a fresh high beyond 0.6470 opens the gate for 200-day EMA near 0.6515. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/JPY: Downbeat Aussie data question buyers, eyes on the economic calendar FX Street 2 years NZD/USD begins the week's trading with an upside gap of 12 pips. China's official manufacturing PMI, released over the weekend, surged to the highest since April. The US-China tussle keeps mum over China's actual retaliation, phase-one deal. NZD/USD takes the bids to 0.6432 at the start of the week's Asian trading session on Monday. That said, the pair marks an upside gap of 12 pips while responding to the latest recovery in China's activity numbers. China's November month Purchasing Manager Index (PMI) numbers for Manufacturing and Non-Manufacturing activities seem to please the kiwi buyers at the moment as the headlines… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.