GBPNZD Continuation Opportunity

Bearish:  USDX is currently going down at the time of this post.  We are currently @ 1.9959. We have the convergence in play. We are looking for an initial move to the ATR target @ 1.9894 area with a continuation to the 0.382 Fibo @ 1.9842.  Watch the USDX for any change in direction. The ATR for the pair currently is 120 pips per day and its 180 day average is 131 pips per day.

 

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