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GBP/NZD Ready to Break Above Top

09/11/2024

Less than a minute

2024.09.11 11:12

is at 2.1329 in a channel. If we break this resistance, we are looking for a continuation to the ATR target at the 2.1402 area with a further target the 1.000 Fibo at 2.1423.

Watch the for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 123 pips per day and it’s 90 day average is 124 pips per day. My Forex Analysis says USDX is currently up.

GBPNZD – Can we break this top