GBP/AUD Tests the Channel Boundary: What’s Next?

Bearish:  We are currently @ 1.9285 just above slope support.  If we can break through the support here, we are looking for a continuation to the 0.270 Fibo/ATR target @ 1.9227  with the further target  the 1/618 Fibo/S4 @ 1.9188 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 123 pips per day and it’s 90 day average is 135 pips per day. USDX is down.GBPAUD – Testing the channel

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