GBP/NZD – bouncing off the bottom
Bullish: We are currently @ 2.0374 in a range. We have divergence for the up move. We are looking for a continuation to the ATR Target @ 2.0488 with the further target for today the 0.786 Fibo @2.0519. Watch the USDX for direction. The average daily true range (ATR) for the pair is 141 pips per day and it’s 90 day average is 161 pips per day. USDX is currently moving UP.