NZD/USD is registering gains for the third straight day. US Dollar Index struggles to gain traction after upbeat US data. Upbeat market mood is helping NZD/USD stay bullish. The NZD/USD pair rose to its highest level in nearly four weeks at 0.7181 during the European trading hours on Thursday and staged a technical correction before regaining its traction. As of writing, the pair was up 0.45% on the day at 0.7170. USD fails to capitalize on strong data Although the macroeconomic data releases from the US confirmed the strong economic rebound, the greenback struggled to gather strength amid the sharp decline witnessed in the US Treasury bond yields. The US Department of Labor reported on Thursday that the weekly Initial Jobless Claims dropped to its lowest level in a year at 576,000. Additionally, the US Census Bureau’s monthly publication revealed that Retail Sales, which contracted by 2.7% in February, surged by 9.8% in March, surpassing the market expectation for an increase of 5.9%. With the initial reaction, the US Dollar Index advanced to a daily high of 91.73 but reversed its direction to turn flat around 91.65 in the last hour. In the meantime, the positive shift witnessed in risk sentiment, as reflected by Wall Street’s main indexes’ impressive gains, is helping NZD/USD preserve its bullish momentum. On Friday, the Business NZ PMI data from New Zealand will be looked upon for fresh impetus. Technical levels to watch for 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 Gold Price Analysis: XAU/USD eyes $1,779 as the next target – Confluence Detector FX Street 2 years NZD/USD is registering gains for the third straight day. US Dollar Index struggles to gain traction after upbeat US data. Upbeat market mood is helping NZD/USD stay bullish. The NZD/USD pair rose to its highest level in nearly four weeks at 0.7181 during the European trading hours on Thursday and staged a technical correction before regaining its traction. As of writing, the pair was up 0.45% on the day at 0.7170. USD fails to capitalize on strong data Although the macroeconomic data releases from the US confirmed the strong economic rebound, the greenback struggled to gather strength amid the sharp… 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.