GBP/AUD – continues the 5th wave

Oct 12, 2023

Note: Core CPI and CPI were positive!
Bullish: We are currently @ 1.9230 in a channel in a range. We have convergence for the continuation of the 5th wave. We are looking for a continuation to the 1.618 Fibo @ 1.9271 with the further target for today the ATR Target @1.9314. Watch the USDX for direction. The average daily true range (ATR) for the pair is 142 pips per day and it’s 90 day average is 145 pips per day. USDX is currently moving UP.