Bullish: GBP/NZD is currently at 2.0811in a channel. We have convergence for the continuation of the channel. We are looking for a continuation to the ATR target 2.0888 with the further target for today the R6/1.618 Fibo @ 2.0907.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 148 pips per day and it’s 90 day average is 159 pips per day. USDX is currently moving down.
