GBP/AUD Tops Out – Ready to Head Lower?

2024.05.27 10:27

Note: USA Holiday today
Bearish: Currently we are at 1.9189 in a range. We appear to have topped out and now moving south. We are looking to continue to the ATR target @ 1.9130 area with an outside target at the S3 @ 1.9100 area. We have convergence in play for the short. Watch the USDX for direction. The average daily true range (ATR) for the pair is 97 pips per day and it’s 90 day average is 108 pips per day. USDX is currently down.

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