What ProAct Forex Target Traders See: We are currently sitting at 1.1052 in an extremely narrow range. A couple of different scenarios: 1: bullish: a move to the 0.214 Fibo at 1.1330 area and 2: bearish: a break down to the range bottom at 1.0837. The average daily true range (ATR) for the pair currently is 124 pips.
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What ProAct Forex Target Traders See: We are currently at 100.49 in a rectangle which is bearish for the pair. We are looking for a continuation to the 1.270 Fibo at 95.40 and a possible continuation to the 1.617 Fibo at 96.08 if it trends. You can also see the potential range and the strong bottom at 100.81 which would indicate a potential move up. If so, look to the 0.500 Fibo at 103.53. The average daily true range (ATR) for the pair currently is 154 pips.
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What ProAct Forex Target Traders See: Cable is currently at 1.2945 and in a large rectangle which is bearish for the pair. We are looking for a continuation to the 1.70 Fibo at 1.2650. The average daily true range (ATR) for the pair currently is 330 pips.
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AUD/USD – A great smooth currency for newbies!
What ProAct Forex Target Traders See: Aussie is at 0.7565 and still in a channel in a range. We are looking for a possible rectangle and then a move to the range top at 0.7643. The average daily true range (ATR) for the pair currently is 108 pips.