AUDUSD channel trade

Bearish: USDX is headed down at the time of this post. Currently we are at 1.7247. Aussie Monetary minutes were considered not good. We are looking for a continuation to the ATR (Average True Range) Target/0.786 Fibo @ 0.7185-72000 area. We have a MACD break making the turn on the 60 min. Watch the USDX for any change in direction. The ATR for the pair currently is 59 pips per day and it’s 180 day average is 60 pips.

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Posted to Introduction to Forex Targe… on Sep 21, 2021 — 8:09 AM

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