GBP/NZD is currently at 2.0876, outside of the rising wedge, and starting to move down. There is convergence towards continuation. GBP/NZD expects the ATR target of 2.0822 to continue, with a further target for today at 2.0763. Keep an eye on the direction of USDX. The daily average true range (ATR) for this pair is 145 pips per day, and the 90-day average is 158 pips per day. USDX is currently rising.
