AUDUSD Falling Wedge Breakout

Bullish: We are currently @ 0.5876 just out of a falling wedge which is bullish. IF we can break the 0.786 Fibo here, we are looking for a move to the ATR Target/0.618 fibo @ 0.5932-41. Watch the USDX for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 84 pips per day. USDX is currently DOWN.

Posted to Introduction to Forex Targe… on Sep 22, 2022 — 8:09 AM

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