EUR/NZD is currently at 1.7724 in a falling wedge in a range. We have divergence for the up move. We are looking for a continuation to the ATR Target at 1.7783 with the further target for today the 1.618 Fibo at 1.7805.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips per day and its 90-day average is 142 pips per day. USDX is currently moving down.
