GBP/NZD: Continuation


USDX is still bullish but appears to be topping out the time of this post. GBP/NZD has have an abc pattern in play which is bearish. We are looking for a break of the single line trend support and then a continuation to the ATR Target at 1.9540 area. Watch the USDX for any change in direction. The ATR for the pair currently is 153 pips per day.

GBPNZD continuation

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