EUR/AUD Continues the Channel Down

Forex Strategy is Bearish: We are currently @ 1.5969 in a channel. We are looking to continue down to the ATR target @ 1.5836 area. We have convergence on the hourly.  USDX is currently Down today. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 217 pips per day and it’s 90-day average is 91 pips per day.