GBP/AUD 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 GBP?/AUD currently is 97 pips per day and it’s 180 day average is 114 pips.

GBPAUD channel

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