Note: BOC Rate Statement Today
Bullish: GBP/NZD is currently at 2.0529 in the channel. If we can break resistance here, we are looking for a continuation to the 1.618 Fibo/ATR target at 2.0603 with the overall target at the day top at 2.0667. Watch the USDX for direction. The average daily true range (ATR) for the pair is 171 pips per day and it’s 180 day average is 195 pips per day. USDX is currently moving down.
GBP/NZD Headed Up Fast
