GBPNZD: Currently At 1.9878

 | Jan 22, 2014 09:13AM ET

Currently we are at 1.9878 after the break north of the down trend on positive news overnight in the UK. We are looking for a bullish continuation to the resistance, .0382 Fibonacci area at 1.9987. The average daily true range (ATR) for the pair currently is 211 pips.