AUDUSD trying to finish a 5th wave

Bullish: We are currently @ 0.7005 in the possible start of a 5th fractal wave in a channel. IF we can break the resistance, we are looking for a continuation to the ATR target 0.7066 with the 5th wave target @ 0.7139. Watch for a reversal there. Watch the USDX for any change in direction. The ATR for the pair currently is 112 pips per day and its 180 day average is 91 pips per day. USDX is currently trying to go Down at the time of this post.

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Posted to Introduction to Forex Targe… on May 19, 2022 — 8:05 AM

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