EUR/NZD – continues the channel

Oct 18, 2023

Bullish: We are currently @ 1.7945 in a channel in a range. We have convergence for the continuation of the channel. We are looking for a continuation to the ATR target @ 1.8009 with the further target for today the 1.000 Fibo @ 1.8087. Watch the USDX for direction. The average daily true range (ATR) for the pair is 133 pips per day and it’s 90 day average is 142 pips per day. USDX is currently moving sideways.