Bullish: AUD/USD is currently at 0.6699 in a channel in a range. If we can break here, we are looking for a continuation to the ATR target at 0.6650 with a further target of the 1.618 Fibo at 0.6620 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 63 pips per day and it’s 90 day average is 63 pips per day. USDX is noncommittal.
AUD/USD Channel Resistance Holds: Bounce Lower is Likely
