AUD/USD –Triangle break
Note: Corrected Post – the USDX flipped after the first post
Bearish: We are currently @ 0.6670 in a triangle. We are looking for a continuation to the 1.000 Fibo @ 0.6623 with a further target the ATR @ 0.6602-10 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 66 pips per day and it’s 180 day average is 79 pips per day. USDX is currently moving up.