AUDUSD continuation trade

Bullish for now: USDX is possibly correcting FOMC last week at the time of this post. Two scenarios: Bullish: a move to the ATR target @ 0.7555 area) or to the 0.382 Fibo @ 0.7569 and then resumption of the downside 2: Bearish: A Flag is in place for the resumption to the downside to the 0.7450 area. Watch the USDX for any change in direction. The ATR for the pair currently is 67 pips per day.

Posted to Introduction to Forex Targe… on Jun 21, 2021 — 8:06 AM
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