EUR/AUD-Breakout in the range

Note: Unemployment claims was positive

Bullish: Currently we are at 1.6449 in a range. With this breakout, we are looking to continue to the ATR target @ 1.6504 with a further target the 1.618 Fibo @ 1.6529. Watch the USDX for direction. The average daily true range (ATR) for the pair is 98 pips per day and it’s 90 day average is 96 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on Apr 25, 2024 — 8:04 AM
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