GBP/AUD – Range bottom up next

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GBP/AUD – Range bottom up next

By Pro Act Traders — Author

Note: CPI was negative today

Bearish: Forex Strategies: Currently we are at 1.9041 in a range. IF we can break the slope support, we are looking for a continuation to the ATR Target @ 1.8982. There is a 0.618 Fibo @ 1.8951. We should see a reaction there. Watch the USDX for direction and the Fundie could negate all of this. The average daily true range (ATR) for the pair is 96 pips per day and it’s 90 day average is 103 pips per day. My Forex Analysis says USDX is currently down.

Posted to Introduction to Forex Targe… on Jul 11, 2024 — 8:07 AM

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

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