GBP/NZD –Support Break Looks Good
Note: ADP was negative!
Bearish: We are currently @ 2.1217 after a nice pullback. IF we can break support here , we are looking for a continuation to the ATR Target @ 2.1133 with the further target the 2.1100. Watch the USDX for direction. The average daily true range (ATR) for the pair is 144 pips per day and it’s 90 day average is 166 pips per day. USDX is currently moving down.