GBPAUD Range Opportunity

Bearish:  USDX is currently going up at the time of this post.  We are currently @ 1.8913. We have convergence in play. We are looking for an initial move to the ATR target @ 1.8900 area with a continuation to the 0.618 Fibo @ 1.8777.  Watch the USDX for any change in direction. The ATR for the pair currently is 104 pips per day and its 180 day average is 114 pips per day.

 

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