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EURNZD Continuation

Bearish:  USDX is not clear at the time of this post.  We are currently @ 1.6172 in a channel down.  We are looking for an initial move to the ATR Target @ 1.6092 and then down to the S4 support @ 1.6070 area.  Watch the USDX for any change in direction. The ATR for the pair currently is 123 pips per day and its 180 day average is 123 pips.


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