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Forex technical analysis: NZDUSD falls on the GDT auction results

Discussion in 'Technical Analysis' started by ForexLive, Oct 4, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Ups and downs continue for the pair The GDT auction prices fell by 3% in the current cycle and that has helped to push the NZDUSD to the downside. The NZDUSD pair has surely had its shares of ups and downs of late. There was a spike higher from September 6th to September 9th, but take that out, and the pair since mid August, is in at 0.7200 to 0.7379 trading range (see red box in the chart above). More recently (since September 26th) the range is 0.7218 to 0.7329 with lots of red and green candles (up and down).

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