Forex

NZD/USD Low Atr is Adding to a Ranging Market

October 10, 2018

2 min read

tarantula fx

Head of Trading

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NZD/USD Low Atr is Adding to a Ranging Market

Hi traders,

The NZD/USD has been contained within a range bound market conditions, waiting for a clear direction.

The price is contained within the two ATR pivots and the range play is adding to a already directionless market. The price has been sold from 0.6500-0.6480 zone and bought from 0.6425-10 zone. Only a clear bearish close below 0.6410 should make a continuation of downtrend towards 0.6350. On the flipside a close above 0.6520 will target 0.6630 zone. Between the zones, it’s all about the range play.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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