Bearish:
GBP/AUD is currently down at the time of this post. We are currently at 1.7926. We are looking for an initial move to the ATR target at 1.7837 area and then the day chart bottom at 1.7769. Watch the USDX for any change in direction. The ATR for the pair currently is 168 pips per day and its 180 day average is 156 pips per day.
