AUD/USD Possible Breakout After Bounce Today


AUD/USD is currently at 0.7741 after a bounce on a significant support and a break of slope resistance. 

We are looking for a move to the ATR Target at the 0.7804 area. 

Look for a possible continuation to the 0.618 Fibo at 0.7860.  Watch the USDX for any change in direction. The ATR for the pair currently is 84 pips per day.

AUD/USD breakout

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