GBP/NZD Channel Continuation
Scott Barkley | Nov 17, 2021 08:48AM ET
The GBP/NZD pair has currently stalled with slight gains at the time of this post. We are currently at 1.9231.
If we can break resistance, we are looking for an initial move to the day's high at 1.9333 and then to the average true range (ATR) target near the 1.9368 zone.
Watch the pair for any change in direction. The ATR for the pair currently is 152 pips per day and its 180-day average is 141 pips.
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