GBP/AUD is currently at 1.8993 in a channel. We have convergence for the downside move. We are looking for a continuation to the ATR Target at 1.8900 with the further target for today the 1.000 Fibo at 1.8863. Watch the USDX for direction. The average daily true range (ATR) for the pair is 122 pips per day and its 90 day average is 131 pips per day. USDX is currently moving sideways.
GBP/AUD: How Much Lower Can the Pair Go?
