AUD/JPY: Reversal Opportunity In The Offing
Scott Barkley | Sep 28, 2021 08:57AM ET
At the time of writing, the US dollar index is heading up at. Currently, we are at 80.74. We are looking for a continuation to the ATR (Average True Range) target in the 90.14 region.
The 0.500 Fibonacci level at 79.96 would be the target after USDX crosses the ATR target as mentioned above. Traders are advised to keep an eye on the USDX for any change in direction. The ATR for AUD/JPY currently is 78 pips per day, and its 180-day average is 77 pips.
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