Today on the currency market the NZD (New Zealand Dollar) was strong on all pairs. This strength drove upward price movement on several pairs like the NZD/USD and NZD/CAD. These pairs could be forming new uptrend on the D1 time frame. Going forward we will look for more NZD strength in the market and continue to follow these trends to the upside. We will look to issue more buy plans on the NZD pairs. The NZD pairs are great for trading, and are largely overlooked by forex traders. The currency pair characteristics of the NZD pairs give traders a wide variety of volatilities.
NZD Currency Strength
This is The Forex Heatmap®. It is our live currency strength indicator for 28 pairs. Traders can use this indicator along with our trend indicators to build a smple, trend based trading system for 8 currencies.