AUDUSD Channel Opportunity

Bearish:  USDX is headed up at the time of this post but it is at a top. Currently we are at 0.7229.  We are looking for a continuation to the ATR (Average True Range) Target @ 0.7182 area. The S5 @ 0.7100 would be the target after the ATR target. Watch the USDX for any change in direction. The ATR for the pair currently is 60 pips per day and it’s 180 day average is 64 pips.

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