GBP/NZD – New channel in play

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GBP/NZD – New channel in play

By Pro Act Traders — Author

Note: US unemployment claims was negative today

Bearish: Forex Strategies: Currently we are at 2.1382 in a big range. IF we can break the support, we are looking for a continuation to the ATR Target @ 2.1248. There is a significant support @ 2.1297 - watch that area. Watch the USDX for direction as it could negate all of this. The average daily true range (ATR) for the pair is 126 pips per day and it’s 90 day average is 112 pips per day. My Forex Analysis says USDX is currently trying to go down.

Posted to Introduction to Forex Targe… on Jul 18, 2024 — 8:07 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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