GBPAUD Channel in a range

Bearish: We are currently @ 1.7596 in a channel. We have convergence to the downside. We are looking for a continuation to the ATR target @ 1.7439 area and then the 0.786 Fibo @ 1.7400-20 area. Watch the USDX for any change in direction. The ATR for the pair currently is 151 pips per day and its 180 day average is 155 pips per day. USDX is currently trying to go down at the time of this post.

Posted to Introduction to Forex Targe… on Jul 13, 2022 — 8:07 AM

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