EUR/AUD: Triangle Break

 | Sep 18, 2017 09:05AM ET

Currently we are at 1.4957 just out of a triangle. IF we can break this resistance we are looking for a move to the 0.382 Fibo at 1.5005 and then continue to the 0.214 Fibo at 1.5079 with an overall target at 1.5228. The average daily true range (ATR) for EUR/AUD currently is 93 pips.