GBPAUD Breakout opportunity

Jul 26, 2022
Bearish:  We are currently @ 1.7272 in a range after the slope support breakout.  We have convergence to the downside.  We are looking for a continuation to the Day Support/ATR target @ 1.7176area and then the S5/range bottom @ 0.9500 area. Watch the USDX for any change in direction. The ATR for the pair currently is 85 pips per day and its 180 day average is 83 pips per day. USDX is currently threatening down at the time of this post.