GBP/AUD – Range Bottom Up Next?

2024.07.11 11:27

Note: was negative today!

Bearish: is at 1.9041 in a range. If we can break the slope support, we are looking for a continuation to the ATR Target of 1.8982.

There is a 0.618 Fibo at 1.8951. We should see a reaction there. Watch the 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 its 90-day average is 103 pips per day.

My Forex Analysis says USDX is currently down.

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