GBP/NZD Poised To Continue The Channel
Scott Barkley | Aug 02, 2022 08:38AM ET
GBP/NZD is currently at 1.9421 in a channel. We have convergence for the upside move. We are looking for a continuation to the ATR target at 1.9522 with a further target on the day chart top at 1.9684.
Watch the DXY for any change in direction. The ATR for the pair currently is 161 pips per day, and its 180-day average is 159 pips per day. DXY is currently threatening down at the time of this post.
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