GBP/NZD Channel Trade

 | Apr 28, 2021 08:34AM ET

h2 Bearish  

GBP/NZD is currently at 1.9205 in a channel.

If we can break this support, we are looking for an immediate move to the ATR target at 1.9150, with a further target at 1.9100.

Watch the USDX for any change in direction.

The ATR for the pair currently is 143 pips per day.