GBPAUD continues the channel

Feb 09, 2023

Bearish: We are currently @ 1.7401in a range and a channel. We are looking for continuation to the ATR target @ 1.7277 area with a further target the Day chart target @ 1.7218. We have convergence in play for continuation. Watch the USDX for direction. The average daily true range (ATR) for the pair is 163 pips and it’s 180 day average is 172 pips per day. USDX is currently threatening down.