Today in the forex market the NZD (New Zealand Dollar) was weak on all pairs. This drove price movement and trade opportunities on most of the pairs in the group. Most of the NZD pairs are inside of trading ranges, but pairs like the GBP/NZD and EUR/NZD are nearing resistance breakout points. We will re-evaluate all seven pairs in the NZD group later today. We will look to set price alerts and set new trade plans on some of the pairs in this currency group that are trending on the larger time frames or have breakout potential. The forex market map you see below is The Forex Heatmap® which provides live buy and sell signals for 8 currency groups including the NZD pairs.
Forex Market NZD Weakness 4-24-2014