GBPNZD Breakout Opportunity

currently @ 1.9643 at the day chart top. We have the divergence for the downside move. We are looking for an initial move to the 0.500 Fibo @ 1.9528 with a continuation to the ATR target @ 1.9473. Watch the USDX for any change in direction. The ATR for the pair currently is 144 pips per day and its 180 day average is 141 pips.

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Posted to Introduction to Forex Targe… on Dec 15, 2021 — 8:12 AM

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