GBPAUD- channel

Currently we are @ 1.7562 in a nice channel and just breaking the 0.500 Fibo. We are looking for a continuation up to the 0.382 Fibo @ 1.7651 with the target this week at the 0.214 Fibo @ 1.7801. The average daily true range (ATR) for the pair currently is 116 pips.