GBP/NZD is currently at 1.8975 and in a channel. We are looking for a continuation of the ATR target at the 1.8897 area with a bigger target, the 0.786 Fibo at the 1.8877 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 172 pips per day, and its 180-day average is 167 pips per day. DXY was threatening up but has already turned to the downside at the time of this post.