GBP/NZD: Attempting A Break Out?

 | Jul 10, 2014 09:08AM ET

Currently the GBP/NZD is at 1.9424 attempting a break of the descending wedge. We are looking for a continuation to the day chart bottom area at 1.9360 AFTER the break of the descending wedge. The average daily true range (ATR) for the pair currently is 96 pips.