Bullish: GBP/NZD is currently at 1.9255 in a range after a breakout. If we can break resistance here, we are looking for a continuation to the ATR target at 1.9289 with a further target the 0.382 Fibo at the 1.9318 area.
We have convergence on the hourly. The target down is 1.9100 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 160 pips per day, and its 180-day average is 186 pips per day. USDX is currently up.
