NZD/USD dropped sharply for 11 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in NZD/USD there is a chance that we will witness a correction, no matter how brief.
Related Posts
GBP/USD moves lower to 1.30614 in the last 16 days.
GBP/USD has experienced an extremely big movement in last 15 days. It may continue the trend, but this…
Resistance line breached by AUD/USD. This price has been tested at least twice before.
Channel Down pattern identified on AUD/USD has broken through a resistance level with the price momentum continuing to…
Could a large bullish move on USD/CAD be a sign of things to come?
USD/CAD hits 1.37461 after a 1.94% move spanning 17 days.