GBPAUD channel

Bearish: USDX is headed down but is uncommitted at the time of this post. If it does go look for this to go. We have completed a reversal and now headed down. IF we get traction, we are looking for a continuation to the 0.500/ATR Target 1.8965-78 area. Watch the USDX for any change in direction. The ATR for the pair currently is 97 pips per day and it’s 180 day average is 114 pips.

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Posted to Introduction to Forex Targe… on Aug 23, 2021 — 8:08 AM

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