AUD/USD is currently trading at 0.7166, out of a bearish rising wedge. We are looking for a continuation toward the ATR target at the 0.7110 area and the 0.382 Fibonacci level at 0. 7061.
Watch the DXY for any change in direction. The ATR for the pair currently is 88 pips per day, and its 180-day average is 78 pips per day. DXY is currently up at the time of this post.
