GBP/AUD Set to Continue in the Channel
Scott Barkley | Nov 28, 2022 08:48AM ET
Bullish: GBP/AUD is currently at 1.8035 and in a channel in a range. We are looking for a continuation to the ATR target at 1.8120 with a further target the range top at 1.8200.
We have convergence on the hourly. The target down is 1.7867 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 156 pips per day, and its 180-day average is 159 pips per day. USDX is currently down.
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