NZDUSD Poised to continue the channel

Bullish: We are currently @ 0.6357 in a flag pattern in a channel. IF we can break the Flag resistance, we are looking for a continuation to the ATR target 0.6450. Watch for the bounce there. Watch the USDX for any change in direction. The ATR for the pair currently is 90 pips per day and its 180 day average is 77 pips per day. USDX is currently trying to go Down at the time of this post.

The 4 Things you must know in the Forex:

Posted to Introduction to Forex Targe… on May 18, 2022 — 8:05 AM
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