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GBPNZD is the biggest mover today, but has reached a key level
The NZD is the strongest of the major currencies, while the GBP is the weakest. That combination has the GBPNZD as the biggest mover on the day. The pair is down -1.08%.
Looking at the 4 hour chart, the run to the downside got started after a run higher yesterday. That move took the price to a topside trend line where sellers stuck a toe in the water against the trend line.
The subsequent move to the downside over the last eight 4-hour bars has seen the price move below an:
<... Read More Posted: Mar 1 2023, 20:49
Author Name: forexlive
Views: 082257