AUDUSD- Should continue the channel

Note: ProAct is closed the rest of the week for the USA Holiday

Bearish: We are currently @ 0.6626 in a channel in a range. We are looking for a continuation to the ATR Target @ 0.6558 with a further target the support @ 0.6550. We have convergence on the hourly. The target up 0.6731 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 117 pips per day and its 180 day average is 108 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on Nov 21, 2022 — 8:11 AM

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