Note: USDX is trying to go bullish with convergence and in a large range.We are looking for the continuation to the 97.00 area. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.

$EURUSD

What ProAct Traders See: Bearish: We are currently sitting @ 1.1629 in a range. We are looking for a break of the support @ 1.1573 and then a continuation to the 0.786 Fibo @ 1.1394. Here we could bounce or continue to the 1.1300 area. The ATR for the the pair currently is 81 pips.

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$USDJPY

What ProAct Traders See: Bullish: We are currently sitting @ 112.03 in a range. We are looking for a continuation to the range top@ 113.21.Here we could pullback or continue to the 114.00 area. The average daily true range (ATR) for the pair currently is 60 pips.

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$GBPUSD

What ProAct Traders See:Bearish: We are currently sitting @ 1.3061 in a range and just breaking down from a rising wedge reversal pattern. We are looking for a continuation to the 0.618 Fibo @ 1.2824. The average daily true range (ATR) for the pair is 107 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See:We’ll see: We are currently sitting @ 0.7164 in a range.We are looking for a continuation here that would target the 1.270 Fibo @ 0.7060 and the Day chart bottom @ 0.6940. The average daily true range (ATR) for the pair currently is 65 pips.