NZDUSD Triangle pattern for one more move

Bearish: We are currently @ 0.6167 in a large range. If we can break the bearish triangle, we are looking for a continuation to the day chart bottom/ATR target @ 0.6096 area with a bigger target the 1.618 Fibo @ 0.6074 area. Watch the USDX for any change in direction. The ATR for the pair currently is 80 pips per day and its 180 day average is 77 pips per day. USDX is currently threatening up at the time of this post but might be topping out.#NZDUSD

Posted to Introduction to Forex Targe… on Aug 23, 2022 — 8:08 AM
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