GBPAUD back to the top

Feb 08, 2023

Bullish: We are currently @ 1.7370 in a range and headed north after a hard bounce. We are looking for continuation to the ATR target @ 1.7476 area with a further target the 0.786 Fibo @ 1.7492. We have convergence in play for continuation. Watch the USDX for direction. The average daily true range (ATR) for the pair is 165 pips and it’s 180 day average is 171 pips per day. USDX is currently threatening UP.