AUD/USD is currently trading at 0.7519 in a rising wedge at the top of a day chart trend. We are looking for an initial move to the ATR target at the 0.7435 area and then the 0.382 Fibo level at 0.7391.
Watch the DXY for any change in direction. The ATR for the pair currently is 79 pips per day and its 180-day average is 70 pips per day. DXY is currently trying to go up at the time of this post.
