AUD/USD correction opportunity

Pro Act

AUD/USD correction opportunity

By Pro Act Traders — Author

Note: CPI and PPI this week

Bearish to Bearish: We are currently @ 0.6940 in a range and a corrective channel. We are looking for continuation to the flag target (abc) @ 0.7045 area and then the selloff. We have convergence in play for the up move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 85 pips and it’s 180 day average is 93 pips per day. USDX is currently threatening down.

Posted to Introduction to Forex Targe… on Feb 13, 2023 — 8:02 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

EUR/AUD-Breakout in the range — 4/25/24
GBP/USD-continuing the channel — 4/24/24
CHF/JPY-continuing a 3rd wave — 4/23/24
AUD/USD-starting the up move — 4/22/24
GBP/AUD-Sweet opportunity down — 4/18/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 2 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act