NZD/USD Channel Opportunity
Scott Barkley | Sep 27, 2021 08:39AM ET
USDX is headed up at the time of this post. Currently we are at 0.7000. We are looking for a continuation to the ATR (Average True Range) Target at 0.6947 area. The 0.214 Fibo at 0.6882 would be the target after the ATR target.
Watch the USDX for any change in direction. The ATR for NZD/USD currently is 62 pips per day and it’s 180 day average is 67 pips.
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