AUD/JPY – Pushing higher

Nov 01, 2023

Note: FOMC today
Bullish: We are currently @ 96.20 in a channel in a range. We have convergence for the continuation up. We are looking for a continuation to the 1.000 Fibo @ 96.70 with the further target for today the ATR target @ 97.02. Watch the USDX for direction. The average daily true range (ATR) for the pair is 90 pips per day and it’s 90 day average is 92 pips per day. USDX is currently threatening a move down