GBPNZD reversal opportunity

Bearish: USDX is headed down at the time of this post due to FOMC yesterday. We have had a pullback so should now see the resumption to the downside. We are looking for a continuation to the ATR Target/0.500 Fibo @ 1.9844 area. Watch the USDX for any change in direction. The ATR for the pair currently is 143 pips per day.

Posted to Introduction to Forex Targe… on Jul 29, 2021 — 8:07 AM

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