EUR/NZD: 1.5244 In A Range

 | Oct 26, 2016 08:46AM ET


Currently we are 1.5244 in a range and trying to break out of a ascending wedge. If we can break the resistance we are looking for an initial move to the 0.618 Fibo at 1.5358 and an overall target at 1.5514. The average daily true range (ATR) for the pair currently is 118 pips.