Bullish EUR/AUD: We are currently at 1.6495 just out of the flag pattern. We are looking for a continuation to the 1.000 Fibo at 1.6533 with the overall target ATR target at 1.6579. Watch the USDX for direction.
The average daily true range (ATR) for the pair is 107 pips per day and it’s 180 day average is 143 pips per day. USDX is currently moving up.
Note: JOLTS is this AM
