EUR/NZD is currently at 1.7281 and after a double bottom. If we can break resistance here, we are looking for a continuation of the ATR target of 1.7377. Watch the USDX for direction. The average daily true range (ATR) for the pair is 139 pips per day and it’s 180 day average is 169 pips per day. USDX is currently moving up.
EUR/NZD Tries to Break Out
