AUDUSD Channel Opportunity

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AUDUSD Channel Opportunity

By Pro Act Traders — Author

Bullish: USDX is currently going down at the time of this post. We are currently @ 0.7228. We have the Divergence starting but expecting one last move to the target for the continuation move. We are looking for an initial move to the 0.500 Fibo @ 0.7277 with a continuation to the ATR Target @ 0.7283. Watch the USDX for any change in direction. The ATR for the pair currently is 69 pips per day and its 180 day average is 66 pips.

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Posted to Introduction to Forex Targe… on Dec 23, 2021 — 8:12 AM

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

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