EUR/NZD – One more time to the top
Bullish: We are currently @ 1.7740 after breaking out of the new channel down.. IF we can break resistance here, we are looking for a continuation to the former top @ 1.7800 with the overall target today the ATR target @ 1.7837. Watch the USDX for direction. The average daily true range (ATR) for the pair is 139 pips per day and it’s 180 day average is 159 pips per day. USDX is currently moving down.