GBP/AUD–Continues the channel

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GBP/AUD–Continues the channel

By Pro Act Traders — Author

Note: Unemployment claims was positive

Bearish: Currently we are at 1.9221 in a channel. IF we can break the support here, we are looking to continue to the ATR target @ 1.9150 with a further target the support @ 1.9112. Watch the USDX for direction. The average daily true range (ATR) for the pair is 96 pips per day and it’s 90 day average is 120 pips per day. USDX is now headed down.

Posted to Introduction to Forex Targe… on Apr 11, 2024 — 8:04 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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