GBPNZD Breakout Opportunity


currently @ 1.9643 at the day chart top.  We have the divergence for the downside move. We are looking for an initial move to the 0.500 Fibo @ 1.9528 with a continuation to the ATR target @ 1.9473.  Watch the USDX for any change in direction. The ATR for the pair currently is 144 pips per day and its 180 day average is 141 pips.

 



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