GBP/NZD: Ascending Wedge Break?

 | Sep 23, 2014 08:44AM ET

Currently the GBP/NZD at 2.0228. We have a break of the wedge and looking for a continuation to the 1.618 Fibo area at 2.0384 with an overall target at 2.0411. The average daily true range (ATR) for the pair currently is 169 pips.