Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account


Trend of the Day: EUR/NZD

By Gregory McLeod, Currency Analyst
24 September 2008 13:58 GMT

EURNZD post 09.22.08

A huge rally in the EUR/USD of over 300 pips did not spill over to other Euro based crosses like the EUR/NZD which posted over a 400 pip move in Monday trading.  EUR/NZD has not suffered the massive correction that its siblings, EURJPY and EUR/USD. Rather it has been in a strong up trend since the beginning of March 2008. Look for this pair to challenge the 2.2000 area in the coming days.

provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from

24 September 2008 13:58 GMT