EUR/NZD Symmetrical Triangle Break
Scott Barkley | Jan 26, 2022 08:41AM ET
EUR/NZD is currently going up at the time of this post but near a top with divergence so anticipating a break down after the FOMC. We are currently at 1.6860.
We have convergence in play on the hourly compressions. We are looking for an initial move to the ATR target at 1.6781 area. Watch the USDX for any change in direction. The ATR for the pair currently is 111 pips per day and its 180 day average is 119 pips per day.
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