AUD/USD: Reversal

 | Feb 24, 2021 08:33AM ET

h2 Bearish

AUD/USD currently at 0.7915 after topping out. The USDX has flipped and we have divergence in play for the down move. We are looking for a move to the ATR Target at 0.7850 area. A continuation would target the former day chart top at 0.7798.  Watch the USDX for any change in direction. The ATR for the pair currently is 60 pips per day.