Bullish
GBP/AUD is currently at 1.7443 in a channel in a range. If we can break resistance here, we are looking for a continuation to the ATR target at 1.7554 area and then the massive resistance at 1.7655 area. Watch the USDX for any change in direction. The ATR for the pair currently is 134 pips per day and its 180 day average is 142 pips per day. USDX is currently up at the time of this post.
