EURNZD, Can it break

Bullish: We are currently @ 1.6224 in a channel after a sideways move. IF we can break the resistance here, we are looking for a continuation to the ATR target @ 1.6311. and then to the Range Top @ 1.6400 area. Watch the USDX for any change in direction. The ATR for the pair currently is 165 pips per day and its 180 day average is 149 pips per day. USDX is currently up but could be topping out soon at the time of this post.

Posted to Introduction to Forex Targe… on Apr 28, 2022 — 8:04 AM

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