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Forex technical analysis: NZDUSD races to new highs

Discussion in 'Technical Analysis' started by ForexLive, Sep 29, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Stocks rebound Consumer confidence was better and the NZDUSD raced higher in celebration of risk on (I guess). The NZDUSD has been in a funk all month long with the month long range of 220 pips. This is the lowest range for a month since 2007. Last week that range was increased on a move to new month low, but momentum faded and a move higher ensued. Is there time for an extension higher? Why not?

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