AUD/USD is currently at 0.6683 after the breakout of the slope support. We are in a range. We are looking for a continuation to the ATR target at 0.6590 with a further target of 1.000 Fibo at 0.6514.
We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 81 pips and it’s 180 day average is 87 pips per day. USDX is currently moving sideways with an upside bias.
