NZD/USD exceptionally upbeat

Posted Friday, April 15, 2016 by
Skerdian Meta • 1 min read

NZD/USD was one of the weakest currencies yesterday. We opened a sell signal as well which hit take profit overnight. Today though it turned to be one of the strongest among the majors. Maybe the economic data from China which beat the expectations has given it a lift. The stochastic is overbought in the 4 hour chart so hopefully that will place a cap on this up move, because apart from the US consumer confidence numbers, there´s no other economic data on the calendar today to have an impact on the forex market.

 Stochastic is overbought in the H4 chart

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