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EUR/NZD: Continuing The Channel

04/07/2022

Less than a minute

2022.04.07 16:15

Bullish

EUR/NZD is currently at1.5826, trading in a channel. We are looking for an initial move to the ATR Target at the 1.5902 area and then the 0.214 Fibo at 1.5975.

Watch the USDX for any change in direction. The ATR for the pair currently is 154 pips per day and its 180 day average is 136 pips per day.

USDX is currently threatening to slide further down at the time of this post.

EUR/NZD: Continuing The Channel EUR/NZD Continuation