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The strongest and weakest currencies as North American traders enter

Discussion in 'Technical Analysis' started by ForexLive, Oct 23, 2015.

  1. ForexLive

    ForexLive Forum Member

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    October 22, 2015 The strongest currency as North American traders enter for the day is the NZD. The weakest currency is the CHF. The NZD was helped by a comment from FM Engligh who said that the Kiwi $ had adjusted considerably already. The NZDUSD moved above 0.6740 area (prior resistance and then support) and saw a rapid gain on stops before some stabilization against the 100 hour MA (see chart below). The pair has been consolidating in the London morning session.

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