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NZD/USD: Fast Turbulent Conditions as Support Causes Bounce
After touching a low of nearly 0.58370 on Monday the NZD/USD begin to climb and in early trading today approached the 0.59225 ratio, and then likely to no one’s surprise a reversal lower took place. Fast trading conditions in the NZD/USD have been seen the past few days and the abrupt swings in value are likely not over yet. The currency pair is around the 0.58885 ratio as of this writing, this after touching a high of nearly 0.59225 a few hours ago. The momentum shifts in the NZD/USD are correlating to the broad Forex market which is behaving with nervous aggression. Day traders tempted to participate in NZD/USD ... (full story)
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- Posted: Nov 20, 2024 5:49am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 6,212
