AUDUSD channel breakout

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AUDUSD channel breakout

By Pro Act Traders — Author

Bearish: USDX is headed up but is uncommitted at the time of this post. If it does continue, look for this to go. We have trying to complete a reversal. IF we get traction, we are looking for a continuation to the ATR Target 0.7198 area. (Note: if dollar flips consider this a flag pattern for the upside move). Watch the USDX for any change in direction. The ATR for the pair currently is 61 pips per day and it’s 180 day average is 67 pips.

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Posted to Introduction to Forex Targe… on Aug 25, 2021 — 8:08 AM

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

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