GBP/AUD – takes out resistance

Note: Consumer confidence today

Bullish: We are currently @ 1.9152 in a range and after the slope resistance break. We have the start of convergence for the continuation up. We are looking for a continuation to the ATR target@ 1.9234 with the further target for today @ 1.9250. Watch the USDX for direction. The average daily true range (ATR) for the pair is 133 pips per day and it’s 90 day average is 144 pips per day. USDX is currently moving down.

Posted to Introduction to Forex Targe… on Oct 31, 2023 — 8:10 AM
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