AUD/USD –Trying to head up

May 04, 2023

Bullish: We are currently @ 0.6674 in a channel.  We are looking for a continuation to the ATR Target @ 0.6712 with a further target the 1.000 Fibo @ 0.6750 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 down.