AUD/USD Correction Opportunity
Scott Barkley | Feb 13, 2023 08:46AM ET
Bearish: AUD/USD currently at 0.6940 in a range and a corrective channel. We are looking for a continuation to the flag target (abc) at 0.7045 area and then the selloff.
We have convergence in play for the up move. Watch the USDX for directions. The average daily true range (ATR) for the pair is 85 pips and its 180 day average is 93 pips per day. USDX is currently threatening down.
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