GBP/NZD-pushing to the range top

Bullish: Currently we are at 2.0819 in a range. We are looking to continue to the ATR target @ 2.0880 area and then the range top @ @ 2.0900 area. This requires that the USDX continue up so Watch the USDX for direction. The average daily true range (ATR) for the pair is 106 pips per day and it’s 90 day average is 117 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on Jun 10, 2024 — 8:06 AM
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