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EUR/AUD: Poised to Continue Moving up

05/31/2023

Less than a minute

2023.05.31 09:50

Scott Barkley

Bullish : We are currently at 1.6495 just out of the flag pattern. We are looking for a continuation to the 1.000 Fibo at 1.6533 with the overall target ATR target at 1.6579. Watch the USDX for direction.

The average daily true range (ATR) for the pair is 107 pips per day and it’s 180 day average is 143 pips per day. USDX is currently moving up.

EURAUD – Poised to continue