GBP/NZD – New Channel in Play

2024.07.18 13:28

Note: US unemployment claims was negative today

Bearish: Forex Strategies

Currently, at 2.1382 in a big range. If we can break the support, we are looking for a continuation of the ATR target at 2.1248.

There is significant support at 2.1297; watch that area. Watch the USDX for direction, as it could negate all of this.

The average daily true range (ATR) for the pair is 126 pips per day, and its 90-day average is 112 pips per day.

My forex analysis says (NASDAQ:) is currently trying to go down.

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