GBP/NZD: Lot of Room Before Pair Bottoms

GBP/NZD
-0.36%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

Amount:

Price

Point Value:

Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

Bearish:  GBP/NZD currently at 2.0544 in a 3rd wave.  We are looking for a continuation to the ATR at 2.0454 with an overall target the 4.236 Fibo at 2.0314. Watch the USDX for direction.

The average daily true range (ATR) for the pair is 168 pips per day and it’s 90 day average is 167 pips per day. USDX is currently moving down.

GBPNZD – Lot of room to the bottom

Source