NZD/USD Channel Break

 | Feb 28, 2019 08:44AM ET

NZD/USD Bearish: Currently, we are at 0.6835 in a range and a channel. IF we can break the support here, we are looking for the continuation to the 0.786 Fibonacci at 0.6767. The overall target is the square up at 0.6650 area. The average daily true range (ATR) for the pair currently is 61 pips.