GBPNZD-small bounce then Continue

Bearish: We are currently @ 1.9447 in a channel. We are looking for a small bounce here and then a continuation of the channel to the ATR Target @ 1.9308 with a further target the 2.618 Fibo @ 1.9255. We have convergence on the hourly. Target up is 1.9639 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 254 pips per day and its 180 day average is 222 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on Nov 03, 2022 — 8:11 AM

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