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The strongest and weakest currencies as NA traders enter for the day

Discussion in 'Technical Analysis' started by ForexLive, Apr 21, 2016.

  1. ForexLive

    ForexLive Forum Member

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    April 21, 2016: The GBP is the strongest. The NZD is the weakest. The NY trading day starts with the GBP as the strongest of the major currencies and the NZD as the weakest. The GBP is the strongest despite weaker than expected Retail sales today (-1.3% vs -0.1% estimate). The GBPUSD fell to the 100 hour MA and 38.2% retracement, could not break the technical levels and short covered.

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