GBP/NZD – continues to move up

Note: Pending home sales is today

Bullish: Forex Strategies: Currently we are at 2.0775 in a channel and 5th wave. We are looking for a continuation to the ATR Target @ 2.0830. There is a 1.618 Fibo slightly further @ 2.0840. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 109 pips per day and it’s 90 day average is 112 pips per day. Forex Analysis says USDX is headed up.

Posted to Introduction to Forex Targe… on Jun 26, 2024 — 8:06 AM
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