GBP/AUD –breaks support can it push through

Aug 10, 2023

Bearish: We are currently @ 1.9426 in a new channel. If we can push through support here we are looking for a continuation to the ATR target @ 1.9322 with the overall target the 0.382 Fibo @ 1.9290. Watch the USDX for direction. The average daily true range (ATR) for the pair is 163 pips per day and it’s 90 day average is 143 pips per day. USDX is currently moving down.