EUR/AUD – channel continuation

Bullish: We are currently @ 1.6502 in a channel. We are looking for a continuation to the ATR target @ 1.6567 with the further target the 0.618 Fibo @ 1.6578 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 109 pips per day and it’s 90 day average is 118 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Feb 07, 2024 — 8:02 AM
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