GBPNZD Let’s finish this channel

Bearish: We are currently @ 1.8975 in a nice channel. We are looking for a continuation to the ATR target @ 1.8897 area with a bigger target the 0.786 Fibo @ 1.8877 area. Watch the USDX for any change in direction. The ATR for the pair currently is 172 pips per day and its 180 day average is 167 pips per day. USDX is currently threatening up at the time of this post but has already made the turn to the downside.

Posted to Introduction to Forex Targe… on Aug 25, 2022 — 8:08 AM
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