GBP/NZD: Triangle Formation On The Way?

 | Aug 27, 2014 09:14AM ET


Currently the GBP/NZD is at 1.9809 after hitting our first target from yesterday. We are looking for a continuation to the S4 support area at 1.9739 with an overall target at 1.9658. The average daily true range (ATR) for the pair currently is 115 pips.