EUR/NZD is currently trying to go down at the time of this post. We are currently at 1.6221 after a break of the channel.
We are looking for an initial move to the ATR target at 1.6016 area and then the 0.382 Fibonacci level at 1.5995. Watch the US Dollar Index for any change in direction.
The ATR for the pair currently is 204 pips per day and its 180 day average is 181 pips per day.
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