EUR/NZD Continuation: Bullish Flag

 | Aug 16, 2021 08:49AM ET

h2 Bullish

USDX is threatening to go up but uncommitted at the time of this post. EUR/NZD is in a flag (bullish) so should now see the resumption to the upside. The pair is looking for a continuation to the ATR Target at the 1.6868 area. Watch the USDX for any change in direction. The ATR for the pair currently is 113 pips per day and it’s 180 day average is 115 pips.