Bullish: AUD/USD is currently at 0.6674 in a channel. We are looking for a continuation to the ATR aim 0.6712 with a further aim of the 1.000 Fibo at 0.6750 area.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 66 pips per day and it’s 180 day average is 79 pips per day. USDX is currently moving down.
