EUR/AUD: Range Trade?

 | Jul 06, 2016 09:04AM ET

EUR/AUD

Currently we are 1.4814 on a support in a nice range. If we break the support, we are looking for a continuation to the 0.786 Fibo at 1.4695 with a further target to the range bottom at 1.4500 later this week. The average daily true range (ATR) for the pair currently is 158 pips.