AUD/USD Attempts To Break Support
Scott Barkley | May 26, 2022 08:51AM ET
AUD/USD is currently at 0.7077 in a range. If we can break support at 0.7064, we are looking for a continuation to the ATR target 0.7000 area and then the 0.500 Fibonacci level at 0. 6979.
Above 0.7100, look for 0.7200. Watch the DXY for any change in direction. The ATR for the pair currently is 94 pips per day, and its 180-day average is 84 pips per day. DXY is currently up at the time of this post.
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