Bearish
At time of writing, NZD/USD is currently trading at 0.6526 in a channel in the start of a third wave. We are looking for a continuation to the range bottom target at the 0.6460 area and then the confluence area and the ATR target at 0.6433.
Watch the USDX for any change in direction; the dollar index was in an uptrend.
The ATR for the pair currently is 78 pips per day and its 180 day average is 67 pips per day.
