EUR/NZD: Correct Then Go?

 | Apr 09, 2015 08:50AM ET

Currently we are at 1.4174 but in an unsustainable trend. We are looking for a correction and then a continuation to the 0.618 Fibo support area at 1.4089 with an overall target at 1.3906. The average daily true range (ATR) for the pair currently is 173 pips.