GBPAUD should test the top

Bullish to Bearish: USDX is currently going up at the time of this post. We are currently @ 1.8948. We have convergence in play on the hourly compressions. We are looking for an initial move to the ATR target @ 1.9000 area which will complete a possible rising wedge so watch for the selloff there. Watch the USDX for any change in direction. The ATR for the pair currently is 112 pips per day and its 180 day average is 116 pips per day.

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Posted to Introduction to Forex Targe… on Jan 24, 2022 — 8:01 AM

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