AUD/USD – out of the chop today
Bullish: We are currently @ 0.6687 after the pullback in a range and a channel. We are looking for continuation to the ATR target @ 0.6750 area with a further target at the 1.618 Fibo @ 0.6780. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips and it’s 180 day average is 95 pips per day. USDX is currently moving down.