Forex Opinion & Analysis

AUD/USD Range Opportunity


AUD/USD is currently at 0.6924 in a range. We have divergence in play. If the USDX turns down, we are looking for a continuation to the ATR target at 0.6990 area with a bigger target the 0.382 Fibo at 0.7024. Watch the USDX for any change in direction. The ATR for the pair currently is 87 pips per day and its 180 day average is 86 pips per day. USDX is currently up in a sideways move.
AUDUSD range opportunity


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