AUDUSD wedge opportunity

Bearish: We are currently @ 0.7794 in a wedge in a channel. We have convergence in play for the down move and USDX is trying to rise. If we can break the support here, we are are looking for a move to the ATR Target @ 0.7694 area which is also a significant support. Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day.

Posted to Introduction to Forex Targe… on Mar 04, 2021 — 8:03 AM

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