EUR/NZD – bouncing off the bottom

Bullish: We are currently @ 1.7724 in a falling wedge in a range. We have divergence for the up move. We are looking for a continuation to the ATR Target @ 1.7783 with the further target for today the 1.618 Fibo @1.7805. Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips per day and it’s 90 day average is 142 pips per day. USDX is currently moving down.