EUR/NZD: Made The Turn

 | Oct 18, 2017 08:46AM ET


Currently we are at 1.6483 in a range. We bounced hard on the 0.786 as expected and are looking to continue initially to the 0.382 Fibo Resistance at 1.6564 and then to the 0.214 Fibo Resistance at 1.6653. We could get to the double top at 1.6765 this week. The average daily true range (ATR) for the pair currently is 119 pips.