GBP/NZD – bouncing off the bottom

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GBP/NZD – bouncing off the bottom

By Pro Act Traders — Author

Bullish: We are currently @ 2.0374 in a range. We have divergence for the up move. We are looking for a continuation to the ATR Target @ 2.0488 with the further target for today the 0.786 Fibo @2.0519. Watch the USDX for direction. The average daily true range (ATR) for the pair is 141 pips per day and it’s 90 day average is 161 pips per day. USDX is currently moving UP.

Posted to Introduction to Forex Targe… on Oct 02, 2023 — 8:10 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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