NZDUSD Poised to continue the channel

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NZDUSD Poised to continue the channel

By Pro Act Traders — Author

Bullish: We are currently @ 0.6357 in a flag pattern in a channel. IF we can break the Flag resistance, we are looking for a continuation to the ATR target 0.6450. Watch for the bounce there. Watch the USDX for any change in direction. The ATR for the pair currently is 90 pips per day and its 180 day average is 77 pips per day. USDX is currently trying to go Down at the time of this post.

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Posted to Introduction to Forex Targe… on May 18, 2022 — 8:05 AM

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

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