NZDUSD - Finish the range

Scott Barkley ProAct Traders

Currently we are @ 0.7008 in a well-established range in a flag pattern which is bullish for the pair. We are looking to continue initially to the 1.618 Fibo @ 0.7102 and then to the Range top @ 0.7231 and then reverse there back to the 0.214 Fibo @ 0.7118. The average daily true range (ATR) for the pair currently is 62 pips

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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