Bullish: We are currently @ 1.9014 in a nice channel and a possible 5th wave. If we can break here, we are looking for a continuation to the 1.000 Fibo @ 1.9070 with the further target the 1.270 Fibo @ 1.9105 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 142 pips per day and it’s 90 day average is 137 pips per day. USDX is threatening up.
GBP/AUD Keeps Climbing, but for How Long?
