GBP/NZD: Next Target?

 | Sep 29, 2015 09:02AM ET

Currently we the GBP/NZD pair is at 2.3840 in a well-defined range but showing signs of wave pattern. We are looking to continue to the 0.786 Fibo support area at 2.3618 with an overall target at 2.3016. The average daily true range (ATR) for the pair currently is 297 pips.