GBP/AUD – Nice Range opportunity
Note: FOMC Minutes today!
Bullish: We are currently @ 1.9163 in a channel in a range. We have convergence for the continuation move. We are looking for a continuation to the 1.00 Fibo @ 1.9201 with the further target for today the ATR Target @1.9260. 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