Some ‘retail’ FX charts are showing a huge reaction for NZD/USD.
Don’t believe those crazy charts! NZD/USD is currently around 0.5982.
I’ve explained why this happens (crazy retail FX charts) a few times, most recently on Monday:
If your chart is showing AUD/USD around 0.6630, get outta here! Pair trading around 0.6647
NZD/USD update, circa 0.5981
This article was written by Eamonn Sheridan at investinglive.com.