NZDJPY channel continuation

Bearish: USDX is headed down but is uncommitted at the time of this post. If it does continue, look for this to go. IF we get traction, we are looking for a continuation to the ATR Target 77.50 area. There is a day chart top @ 77.94. Watch the USDX for any change in direction. The ATR for the pair currently is 75 pips per day and it’s 180 day average is 79 pips.

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Posted to Introduction to Forex Targe… on Aug 26, 2021 — 8:08 AM

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