AUD/USD Triangle Breakout

Bullish

AUD/USD is currently at 0.7746 in a triangle in a range.  We are looking for an initial move to the ATR Target at 0.7814 area. A further target is the 0.382 Fibo at 0.7826. Watch the USDX for any change in direction. The ATR for the pair currently is 68 pips per day.

AUDUSD triangle breakout

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